30. Suppose that the GDP deflator is 150, and nominal GDP is $7.5 billion. What is the real GDP? (A) $7.5 billion. (B) $5 billion. (C) $500,000. (D) $50 million.

2. Which of the following is NOT included in the calculation of GDP? a) Investment spending b) Government spending

13. Calculate value of output from the following data S.No. Contents (in crores) (i) Net Value Added at Factor Cost 100 (ii) Intermediate Consumption (iii) Excise Duty (iv) Subsidy (v) Depreciation 75 20 10

1) Refer to Table 1. The value for GNP in billions of dollars isA) 990.B) 1,050.C) 1,080.D) 1,200.2) Refer to Table 1. The value for national income in billions of dollars isA) 970.B) 1,030.C) 1,060.D) 1,200.3) Refer to Table 1. The value for disposable personal income in billions of dollars isA) 890.B) 920.C) 970.D) 1,020.

Household saving = $200, Business Saving = $400, Government Purchases = $100, Government transfer & interest payments = $100, tax revenue = $150, GDP = $2,200. What is the National savings rate? a.) 100% b.) 75% c.) 50% d.) 25%

6. Use the following table to answer the question: Items Cash receipts from farm marketing Receipts of government payments Other income from farm sources Production expenses Value of real estate assets Items Value of non-real estate assets Financial assets Liabilities a. What is the Gross Farm Income? b. What is the Net Farm Income? Dollar $750,000 $150,000 $100,000 $400,000 $10 million Dollar $2 million $4 million $9 million