To estimate GDP using an expidenture approach, what are the expidenture components that would be needed to perform the estimation ? Of these, which is the largest?
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To estimate GDP using an expidenture approach, what are the expidenture components that would be needed to perform the estimation ? Of these, which is the largest?
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- GDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal incomeThere are a number of statistics computed to measure the price level of an economy, such as the GDP deflator and the CPI. The choice of which of these measures to use depends in many cases on the specific question you are interested in. For each of the following situations, explain whether the CPI or the GDP deflator is a more appropriate measure to use and explain why the statistic is preferred. (a) The government is interested in whether increases in defense spending are affecting the price level. (50 words) (b) An economic consulting firm is investigating the impact on the aggregate price level of more computers and electronic technology used in production.Is the PW measure easy to calculate and apply? How?
- Which of the following are included aspart of India’s GDP?(i) Activities in Indian embassies andconsulates in other countries(ii) Air India services between twodifferent countries(iii) Value addition in India’s economicterritory(iv) Economic activities of residents ofIndia in international watersSelect the correct answer using thecode given below:(a) (i) & (ii) only(b) (iii) only(c) (ii) & (iii) only(d) All of the aboveGross domestic product per capita is the ratio of total gross domestic product to population.gross domestic product, a unit of timemonetary value of the final goods and services produced in the economy (let be in TL) and population, unitaccording to the number of people in that economy at the time,a) write down the unit of measure and size of the gross domestic product variable per capita. b) what is the relationship between gross domestic product per capita, total gross domestic product and population growth?Express your conclusions in a sentence by making inferenceWhen calculating GDP, the Government Purchases (G) category will include: Group of answer choices a) welfare payment to welfare recipients b) salaries for current US military officers c) unemployment benefits d) social security checks to retirees
- Analyze the two approaches used to measure Gross Domestic Product (GDP) Give examplesRandomly choose one country from each of the following regions: Africa, theCaribbean, Latin America and Asia.i. Conduct a web search to find the GDP, GNP, GNI and HDI for each of thefour (4) countries selected in (a) above.The GDP data collected for the current year for a number of countries are called _____. Select one: a. cross-section data b. time-series data c. panel data d. experimental data