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- URGENT What is the value added of the service sector?1) Calculate GDP MP and NNPFC from the following Net domestic product at market price 74905 Net indirect taxes 8344 Income from domestic product to government 1972 Net factor income from abroad -232 Current transfers to household 2305 Depreciation 4486What is the formula for the NET DOMESTIC PRODUCT In the economic HELP
- Pls solve all questions with correct solutionsCan there be a condition where the value of real gross domestic product becomes equal to the nominal GDP. (b) What will be the GDP deflator in such case?What is the term for the total value of all final goods and services produced within a country's borders in a specific time period? a) Gross National Product (GNP) b ) Net Domestic Product (NDP) c) Gross Domestic Product (GDP) d) National Income (NI)
- The nation of Kona cultivates coffee beans and cassava, from which all their consumer goods are produced. (a) Calculate the cost of the market basket of goods in the table in 20102010 and in 20152015. Show your work. (b) Use 20102010 as the base year to calculate the price indices for 20102010 and 20152015 for the market basket of goods in the table. Show your work. (c) In order for a citizen of Kona to maintain the same standard of living between 20102010 and 20152015, what percentage change in nominal income would be needed? Explain.A company in the United Kingdom earns $100 million by producing and selling advertising chances to domestic consumer goods companies. Users of the site are not charged. It pays $50 million in salaries to its programmers, $10 million in rent to Silicon Valley landlords, $20 million to stockholders, and $20 million for computer hardware. What is the added value of this company, and does it generate a semi-finished or finished product?Q.3.3 Year (Base year) 2018 2019 2020 2021 Cost of a basket (R) of consumer goods/services Show how gross national product (GNI) can be derived from gross domestic product (GDP). 1850 2190 2380 2560
- With the use of GDP data over a 25 year period assess the main source of economic growth in Barbados and Guyana ( Line graph must be used to depict the data)Consider the data in the table Rank the years from hightest to lowest in terms of real GDP Year Nominal GDP GDP deflator Real GDP 2009 $1020 57 2010 $1250 62 2011 $1450 91T.G ($) 100 T 80 60 40 20 0 $ 100 200 300 400 500 600 700 800 900 GDP
