what is the nominal GDP for year 2019? Refer to Table 1(year 2018) and Table 2 (year 2019).What is the nominal GDP for year 2019?Table 1. Year 2018Value-added of agriculture, fishery and forestry sector, in thousands ofApesos1,762,616B Value-added of industry sector, in thousands of pesosC Value-added of the service sector, in thousands of pesos5,582,52510,920,048.47D Household Final Consumption Expenditure, in thousands of pesosE Gross Domestic Capital Formation, in thousands of pesosF Exports, in thousands of pesosG Net Primary Income from the Rest of the World, in thousands of pesos13,250,0844,909,1055,518,5731,940,973H CPI (base year: 2012)117.3Government Final Consumption Expenditure, in thousands of pesos2,199,637JStatistical Discrepancy, in thousands of pesos50,000.26Table 1. Year 2019Value added of agriculture, fishery and forestry sector, in thousands ofA1,722,211.13pesosB Value added of industry sector, in thousands of pesosC Government Final Consumption Expenditure, in thousands of pesosD Household Final Consumption Expenditure, in thousands of pesosE Imports, in thousands of pesosF Exports, in thousands of pesosG Statistical Discrepancy, in thousands of pesos5,887,2382,444,69814,288,1407,858,6605,530,950H Growth Rate, Gross Domestic Product at current prices6.85%Gross National Product at current prices, in thousands of pesos21,463,514.52CPI (base year: 2012)K GDP Deflator (base year: 2018)L Population, 15 years old and over, in thousand personsJ120.2100.7672,933M Population, below 15 years old, in thousand persons28,240Population, 15 years old and over not included in the labor force, inNthousand persons28, 240O Labor force employed94.93%O (Table 1: A+B+C) / (Table 2: J) *100None of theseTable 2: I+ F-ETable 2: B+C+D+E+F+GO (Table 1: A+B+C) * (1 + Table 2: H)

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Accepted Answer

Gross domestic price is also known as nominal GDP