write the short nots under each statement: 1. The main differences between gross domestic product and gross national product is: …………………………………………………………………………………………………………………………………................................................................................................... 2. The differences between contraction and expansion in aggregate demand is :

write the short nots under each statement: 1. The main differences between gross domestic product and gross national product is: …………………………………………………………………………………………………………………………………................................................................................................... 2. The differences between contraction and expansion in aggregate demand is :

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQP

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The following data pertains to the economy of Ghana for the year 2018; GHc’000,000 Exports of goods and services 18 Depreciation of fixed capital 12 Government purchases of goods and services 60 Indirect business taxes 15 Net private domestic investment 53 Transfer payments 14 Imports of goods and services 17.5 Personal taxes 41.5 Net foreign factor income earned in Nigeria. 3.1 Personal consumption expenditures 224.2 compute the following economic statistics in relation to the economy 1. Gross domestic product 2. Gross National Product 3. Net national product 4. National income 5. Personal income 6. Disposable personal income
The table below shows the National Income data. National Income Data (all figures are in billions of dollars) Business retained earnings 240 Corporate profits 276 Personal Consumption Expenditures 1491 Interest Income (Net Interest) 46 Personal Interest Income 46 Total Transfer Payments 274 Dividend Income 36 Depreciation (Capital Consumption Allowance) 234 Gross Capital Investment 378 Changes in Business Inventories 26 Rental Income 28 Imports 248 Federal Government Purchases of Goods & Services 148 State and Local Government Purchases of Goods & Services 286 Personal Income Taxes 514 Exports 261 Indirect Business Taxes (and miscellaneous adjustments) 177 You are required to Calculate Gross Domestic Product (GDP) Net National Product (NNP) National Income (NI) Personal Income (PI) Personal Disposable Income Analyse…
With reference to the table given above, calculate: i. Gross Domestic Product at factor cost ii. Gross National Product at factor cost
The base year in a country for the calculation of national income data is 2012. Real GDP in this country grows at the rate of 5 percent per year. The GDP deflator in this country increases at the rate of 2 percent per year. If the real GDP in this country in 2011 was 20,000 manats, what would be the value of nominal GDP in 2013? Nominal GDP in 2013 = manats. Do you know what country uses manat as its currency? Part B: The base year in a country for the calculation of national income data is 2012. Real GDP in this country grows at the rate of 5 percent per year. Nominal GDP in this country increases at the rate of 8 percent per year. If the real GDP in this country in 2011 was 50,000 tenges, what would be the value of GDP deflator in 2013? GDP deflator in 2013 = tenges. Do you know what country uses tenge as its currency?
50 Gross Private Domestic Investment $ 1,593 Personal Taxes 1,113 Transfer Payments 1,683 Taxes on Production and Imports 695 Corporate Income Taxes 213 Personal Consumption Expenditures 7,304 Consumption of Fixed Capital 1,393 US Exports 1,059 Dividends 330 Government Purchases 1,973 Net Foreign Factor Income 10 Undistributed Corporate Profits 141 Social Security Contributions 748 US Imports 1,483 Statistical Discrepancy 50 Refer to the accompanying national income data (in billions of dollars). Corporate profits are equal to
What would be the value of national income if net domestic product at factor cost is $39,000 and the net factor income from abroad is $12,000
Describe marilyn waring's assessment of gross domestic product as a measure of economic activity
Read carefully need full warranty SOLUTIONs dont copying paste no need generalized answer. Summary examples key points all heading and explaination need etc. Abstract: Under Economic Growth mean constantly increasing volume of production in a country, or an increase in gross domestic product as the main quantitative indicators of production for a period of one year. Economic development is not only quantitative changes when it comes to the economic position of the country, but also qualitative changes (changing the economic structure, the emergence of new sectors and industries, new jobs, etc..). They lead to a better and more complete satisfaction of all human needs. Production per capita is a measure of the ability of a society to achieve their goals of social and economic development, all in order to meet the constantly growing social needs. The increase in output per capita in economic theory is expressed as economic growth, without which no economic development, but does not have…
gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency 50 Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?
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