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- 1 Which one of these will be deducted from gross output to determine the net output? a. Intermediate consumption b. Factor income from abroad c. Total government spending d. Private income20 GDP in an economy is $12,050 billion. Consumer expenditures are $8,500 billion, government purchases are $1,900 billion, and gross investment is $1,410 billion. Net exports must beConsumption in the calculation of gross domestic product does not include Consumer services O Consumer durable goods O Purchases of stocks and bonds O Nondurable consumption goods
- which of the following go to be included with the calculation of gross domestic product? Gross investment - $90 billion2. Net export - $103. Net indirect taxes - $ 54. Depreciation - $155. Net factor income from abroad - $-56. Personal consumption expenditure - $3507. Government purchases of goods and services - $100 GDP23 Goods and services produced by Omani working in Oman is OMR 3.1 billion, produced by Omani working outside Oman = OMR 1.5 billion, and produced by the residents who are working in Oman OMR 2.9 billion. Calculate Gross Domestic Product of Oman? Select one: a. 0.20 b. None of these c. 4.50 d. 6.00 e. 7.50
- In the calculation of national income, all of these items are added, except _____. a. Imputed rent of owner occupied houses b. Food and other items for self-consumption c. Sale and purchase of bonds and shares d. Own account production of fixed assetsthe following data, calculate a) Gross Domestic Capital Formation b) Wages and Salaries c) Net Domestic Product at Market Price Particulars Mixed Income of Self Employed 2. Rs. In Crores 3500 1. Net Indirect Taxes 3. Government Final Consumption Expenditure 4. Net Exports 5. Consumption of Fixed Capital 6. Net Factor Income from Abroad 7. Operating Surplus (Rent+Interest+Profits) 8. NNP at Factor Cost 9. Profits 10. Private Final Consumption Expenditure | 11000 300 14000 3000 300 700 12000 30000 500a. Below is the national income data of a country in a year 2021. Calculate the: ITEMS Private expenditure Mining and quarrying Finance and insurance Manufacturing Transportation Hotel and restaurant Agriculture, forestry and fishing Communication Dividends received by individuals Capital consumption Indirect taxes Net factor income received from abroad Subsidies Transfer payments i. Gross Domestic Product at market price. ii. Gross Domestic Product at factor cost. iii. Gross National Product at factor cost. iv. National Income. RM (Million) 2000 800 950 2500 4000 1260 2280 740 130 200 1500 690 89 140 - insurance.
- In one year in the country of Countem, workers earned $4150, the proprietor’s income was $392, rental income was $20, corporate profits were $683, net interest was $228, taxes on production and imports were $329, business current transfer payments were $12, the current surplus of government enterprises was $3, statistical discrepancy was $28, consumption of fixed capital was $882, factor income received from the rest of the world was $331, and payments of factor income to the rest of the world was $623. Based on these data, compute the national income, net national product, gross national product, and gross domestic product.Which of the following is included in the computation of Gross Domestic Product (GPD)?1. Explain in your own words why the flow of gross domestic product during a given interval must always be equivalent to the flow of gross domestic income within that same period.
