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What is Revised Value Added Tax (RVAT) in the Philippines?
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- what is distinguish between value-added and non-value-added activities?Consider the following information given for calculation of different national income aggregates: Items Rs in crore Value of output 100000 Depreciation 6000 Indirect Taxes 6000 Subsidies 1000 Intermediate consumption 24000 Value added 76000 What will be the value of GNP at market prices as per the given information? Which of the following will be the value of NNP at market prices? Which of the following will be the value of GNP at factor cost? If disposable income is Rs 500 and saving Rs 100, what will be the average propensity to consume? If MPC= 1/2, what is the value of K (Investment multiplier)? What will be the value of NNP at factor cost as per the given information? What will be the value of GDP at market prices as per given information?Calculate gross domestic product at factor cost if GDPMP Is $32000 million and net indirect taxes are $18000 million
- “Total economic value can be determined by active-use value (such as raw timbervalue to use timber as firewood or furniture) and passive use value (such as tree as anoxygen producing system)”. What do you understand from the above statement??Explain in detail.Calculate the value of NDPFC if GDPMP is $1200 million, depreciation Is $250 million and the net indirect taxes are $100 millionCalculate NDP at FC if GNP at MP is $20,000 depreciation is $5000, net factor income from abroad is $4000 , indirect tax is $3000 and the subsides is $2000
- Tax rates for higher income group have been increased. Which Economic value does it reflect? ExplainPersonal income and property taxes paid by individuals are not included in the income approach of gross domestic product calculationState with valid reason, which of the following statement is true or false: a. Gross Value Added at market price and Gross Domestic Product at market price are one and the same thing. b. Intermediate goods are always durable in nature.
- What is the value for Gross Domestic Product if households receive $315 in net interest income, wages equal $10,169, rental receipts on land are $884, total business profits before taxes are $1,862, and indirect business taxes are $1,139? Assume depreciation and net foreign income are zero. Enter the value without a $ and without commas.WHAT IS THE RELEVANT ECONOMIC CONCEPT WHICH CAN BE MATCHED TO THE DISCRIPTION37 - Investment expenditures: 100, Net exports: -100 Imports: 300, Direct taxes: 400, Indirect taxes: 500, Depreciations: 600, Consumption expenditures: 700, Public expenditures: 800 What is the national income value using the data?a) 400B) 500C) 900D) 1000E) 700