GNP includes: A) neither intermediate nor final goods. C) intermediate, but not final, goods. B) both intermediate and final goods. D) final, but not intermediate, goods.
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GNP includes:
A) neither intermediate nor final goods. C) intermediate, but not final, goods.
B) both intermediate and final goods.
D) final, but not intermediate, goods.
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- If the price of imported extra virgin olive oil decreases, then both the GDP deflator and the consumer price index will decrease. neither the GDP deflator nor the consumer price index will decrease. the GDP deflator will decrease, but the consumer price index will not decrease. the consumer price index will decrease, but the GDP deflator will not decrease.what problem does the value added approach of measuring GNP resolve? does the value added approach serve any other purpose?Compute the GNP using the Income Approach and Expenditure Approach. Personal Consumption ExpendituresP 1,059,000 Compensation of employees and entrepreneurial & propertyIncome of persons980,000 Government Income31,000 Indirect Taxes132,500 Exports of goods and non-factor services648,200 Fixed Capital Formation232,400 Government Services116,000 Imports of goods and non-factor services648,100 Subsidies3,900 Trade237,000 Increase in Stocks7,200 Corporate Income16,000 Depreciation Allowance176,000 General Government Consumption Expenditures86,500 Net Factor Income From Abroad20,600
- What is the relation between Gross Domestic Product (GDP) and Gross Happiness Index (GHI): Select one alternative: It is impossible to compare values of GDP and GHI GHI is always higher GDP is always higherIdentify whether the following items are officially included in United States GDP or GNP. The wage of a Mexican citizen who works in a farm in Texas in United States. The profit earned by a Brazilian Citizen who works in New York stock exchange in NewYork. The income earned by an American professor delivering a series of lectures in London. The value of Espresso coffee Star Bucks produces in France.You are given the following information about an economy : Gross private domestic investment =. 40Government purchase of goods and Services. =. 30 Gross national product ( GNP). =. 200Current account balance. =. -20 Taxes. =. 60Government transfer payment to thedomestic private sector. =. 25Interest payment from the governmentto the domestic private sector. =. 15Factor income received from rest of world. =. 7Factor payment made to rest of world. =. 9 Find the following, assuming that government investment is zero. : a) consumptionb) Net exportc) GDPd) net factor payment from abroade) private savingf) government savingg) national saving
- ACTIVITY 1 Study the following figures Compute the GNP using the Income Approach and Expenditure Approach. (In Million Pesos) 1,059,000 Personal Consumption Expenditures Compensation of employees and entrepreneurial & property Income of persons 980,000 Government Income 31,000 Indirect Taxes 132,500 Exports of goods and non-factor services Fixed Capital Fomation 648,200 232,400 Government Services 116,000 Imports of goods and non-factor services Subsidies 648,100 3,900 Trade 237,000 7,200 Increase in Stocks 16,000 Corporate Income Depreciation Allowance General Govemment Consumption Expenditures Net Factor Income From Abroad 176,000 86,500 20,600Find gdp and nnpApplied Problems on Monetary Policy and Interest Rates 1. For each of the following questions, draw the Money Demand curve (MD) and Money Supply curve (MS) and label the equilibrium interest rate as i*. Also show how the MS- MD graph changes due to the given events and as a result how the equilibrium interest rate changes. (In your answer you should clearly state and show what happens to the MS and MD curves and also what happens to the interest rate).
- Use the table to answer the questions. Assume firms pay all profits out to resource owners, there is no depreciation, and there are no taxes. 2010 Consumption spending (C) $350 Rent $100 Profit $175 Investment spending (I) $75 Interest $50 Government spending (G) $125 Net exports (NX) $10 Employee compensation $ Enter the value of GDP in 2010. Use the factor income approach to calculate employee compensation in 2010.Q5 MCQ Which of the following is not included in GDP? the payments for a chiropractor's services cash income paid to a day laborer that is not reported to the tax authorities the replacement of brake pads on your six-year-old vehicle D. the fees for legal services rendered by your lawyerThe country’s GNP will contain the following except _______. a. Salaries of the expatriates living in the country b. Earnings of locally owned companies c. Rental income of houses owned by citizens d. Salaries of citizens of the country