Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and depreciation charges are 10 million. Compute the net national product of the country. a. NNP = 70 million O b. NNP = 80 million С. NNP = 60 million O d. NNP = 50 million
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- Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and depreciation charges are 10 million. Compute the net national product of the country. a. NNP = 70 million b. NNP = 80 million c. NNP = 60 million d. NNP = 50 millionIn 2010, Country A's GNP is $100'000. Government Spending is $10'000, Investment is $10'000, Consumption is $30'000. The Trade Balance is +$20'000. What is the balance on services, income receipts, income payments and net unilateral transactions? O-20000 30000 O 50000 70000Year I Year 6 Year 9 Government Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income earned overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Exports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 4. Net National Product: NNP = GNP at factor cost - Depreciation Year 1 Year 6 Year 9
- 1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…In an economy:- Gross domestic capital formation = $70 million Depreciation = $35 million We have to calculate the value of net domestic capital formationWhat is GNP? GNP is the market value of all the final goods and services _____. A. produced within a country minus depreciation B. produced within a country C. produced anywhere in the world by the factors of production supplied by the residents of that country D. produced anywhere in the world by the factors of production supplied by the residents of that country minus exports
- Based on the Balance of Payments account presented in this table, the net exports are: a. 2300 b. -2600 c. -300 d. -200Newspapers Sold to Government Sold to Consumers Imported Ink Import taxes Paper Wages Depreciation Profit Paper Exported Wages Depreciation Profit Printing Presses Imported Steel Import taxes Paper Wages Depreciation Profit 21 73 11 2 21 25 7 28 36 9 11 5 20 44 9 2 6 13 4 10 Consumption Government Investment Exports Imports GDP Value Added Newspapers Paper Printing Presses Wages Depreciation Indirect Taxes Profit GDIGiven the following data for Jamrock country work out the following: US$mn. Private Consumption expenditure 300 Gross Fixed Capital Formation 50 Net Changes in Physical Stocks - 20 Government expenditure 120 Exports of Goods and Services 80 Imports of Goods and Services 50 Indirect taxes/taxes on expenditure 40 Subsidies 30 Net Factor Income payments from abroad + 15 Depreciation 25 iii. Gross National Product at factor cost value iv. Net National Income
- What could have caused an increase in net national product? a. Low GNP and high depreciation b. Low GNP and low depreciation c. None of the choices d. Higher GNP and lower depreciationIn an economy GNPMP is $300 million, depreciation is $88 million and net national disposable income is $50 million Calculate net current transfer to abroadThe following are the National Income Account data of the Philippines (figures are in Billions of Pesos). 17 Merchandise Imports Personal Consumption Expenditure Net Factor Income from Abroad Capital Consumption allowance Merchandise Exports Transfer Payments 217 7 15 19 32 Net Private Domestic Investment 8 Indirect Business Taxes 39 Personal Taxes 4 Social Insurance Contributions 10 Undistributed Corporate Profits Dividends 15 Government Expenditure 51 Corporate Income Tax 11 Calculate the Gross private domestic investment. Calculate the Net exports. Calculate the Gross Domestic Product. Calculate the Corporate profits.