URGENT PLEASE ANSWER. DON'T ANSWER IF YOU ALREADY DID COMPUTE THE NOMINAL GDP Year: 2021Value added of agriculture, fishery and forestry sectorValue added of industry sectorGovernment Final Consumption ExpenditureHousehold Final Consumption ExpenditureImportsExportsStatistical DiscrepancyGrowth Rate, Gross Domestic Product at current pricesGross National Product at current pricesCPI(base year: 2012)GDP Deflator(base year: 2018)Population, 15years old and overPopulation, below 15 years oldPopulation, 15 years old and over not included in labor forceLabor force employed#1,953,076.00#5,595,046.00#2,838,033.00#14,609,470.00#7,322,830.00#4,983,040.00$0.008.07%#20,103,207.00128.8#104.75#75,701.00#27,064.00#27,064.0093.50%

Year: 2021 Value added of agriculture, fishery and forestry sector Value added of industry sector Government Final Consumption Expenditure Household Final Consumption Expenditure Imports Exports Statistical Discrepancy Growth Rate, Gross Domestic Product at current prices Croce National Product at current prices #1,953,076.00 #5,595,046.00 #2,838,033.00 #14,609,470.00 #7,322,830.00 #4,983,040.00 $0.00 8.07% 630 103 307.00

Year: 2021 Value added of agriculture, fishery and forestry sector Value added of industry sector Government Final Consumption Expenditure Household Final Consumption Expenditure Imports Exports Statistical Discrepancy Growth Rate, Gross Domestic Product at current prices Croce National Product at current prices #1,953,076.00 #5,595,046.00 #2,838,033.00 #14,609,470.00 #7,322,830.00 #4,983,040.00 $0.00 8.07% 630 103 307.00

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 1SQ

See similar textbooks

Similar questions

What are the main components of measuring GDP with what is produced?
Why must you avoid double counting when measuring GDP?
Unit 7 Practice Questions to be discussed in BBCStudents are expected to attempt the questions before attending the BBC Session.Selected questions will be discussed in the BBC Session.Question 1Suppose production and prices of food and clothing (the only two goods produced in this economy) in 2006 and 2007 are as follows: (base year = 2006)Year Quantity of FoodPrice of FoodQuantity of ClothingPrice of Clothing2006 20 $15 15 $52007 60 $18 30 $6Calculate nominal and real GDP in 2006 and 2007, the GDP deflator and the growth rate in real output.Question 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following…
Calculate GDP using the Income and Expenditure Approach.(all figures are in billions of dollars): Item Amount ($)Government purchase of goods and services 1,721.6Exports 1,096.3Receipts of factor income from the rest of the world 382.7Depreciation (consumption of fixed capital) 990.8Net fixed Investments 688.2Corporate income taxes 265.2Consumption expenditures 6,739.4Indirect business taxes 664.6Imports 1,475.8Payments of factor income to the rest of the world…
Calculate the GDP using Income OR Expenditure Approach (all figures are in billions of dollars) ITEM Amount ($) Government purchase of goods and services 1,721.6 Exports 1,096.3 Receipts of factor income from the restof the world 382.7 Depreciation (consumption of fixed capital) 990.8 Net fixed Investments 688.2 Corporate income taxes 265.2 Consumption expenditures 6,739.4 Indirect business taxes 664.6 Imports 1,475.8 Payments of factor income to the rest of the world 343.7 Inventory change 56.5 Social security contributions 702.7 Undistributed corporate profits (retained earings) 130.3 Government transfer and interest payments 1,366.3 Personal interest payments 286.2 Personal Taxes 1,235.7 Type answer please