ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Calculate value added if given:-
Value of output = $5500
Intermediate consumption = $2500
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- The product approach to measuring GDP values government production at(a) market prices.(b) its cost of production.(c) its estimated value to society.(d) the total amount of taxes it collects.(e) none of the above.arrow_forward16) If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal S8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is A) S15,350. B) S13,350. C) $13,150. D) S11,400.arrow_forwardUsing the information below, what is the Gross Value Added at Market Price? Output Sold 800 Price per unit of output 20 Import Duty 400 Net change in stock -500 Intermediate Consumption 8000 a. 7900 b. 6500 c. 2100 d. 7500arrow_forward
- Calculate the value of output if value added is $2500 million and the intermediate con- sumption is $560 millionarrow_forward(i) (ii) (iii) Given a consumer price index of 154.5 in the year 2019 and 165.3 in 2020, calculate the rate of inflation in 2020. The average price of a car was £35,650 in 2019. Calculate the revised price in 2020 based on the rate of inflation calculated in part (i). Assume that in 2019 Robert has invested £2000 in a bank account, which pays an annual interest rate of 6%. After a year has passed, he is paid £120 in interest. Explain whether Robert is now better off than he was the year before based on your answer in part (i).arrow_forward
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