Country X                                $m Private Consumption Expenditure                   400 Gross Fixed Capital Formation                         50 Exports                                                             100 General Government Expenditure                     70 Net changes in Physical Stocks                      + 10 Imports                                                             160 Indirect taxes on goods and services                 65 Subsidies                                                            25 Net property inflows from abroad                     40 Net property outflows to abroad                        30 Capital Consumption                                         40   What is the Total Domestic Expenditure (TDE) figure at market price for Country X? What is the GDP figure at factor cost for Country X? What is the NNP figure at factor cost for Country X?

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
icon
Related questions
Question

Country X                                $m

Private Consumption Expenditure                   400

Gross Fixed Capital Formation                         50

Exports                                                             100

General Government Expenditure                     70

Net changes in Physical Stocks                      + 10

Imports                                                             160

Indirect taxes on goods and services                 65

Subsidies                                                            25

Net property inflows from abroad                     40

Net property outflows to abroad                        30

Capital Consumption                                         40

 

  1. What is the Total Domestic Expenditure (TDE) figure at market price for Country X?
  2. What is the GDP figure at factor cost for Country X?
  3. What is the NNP figure at factor cost for Country X?
  4. What is the Gross Domestic Product (GDP) figure at market price for Country X?

 

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Gross Domestic Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning