Following information has been gathered by a Senior Economist about a small country. Based only on the data given, calculate the gross domestic product using expenditure approach.  National Account Details Amount ($ Billion) Consumption 61 Rent 12.3 Statistical discrepancy  10 Profit earned by companies 15.8 Capital consumption allowance 3 Government spending 7.8 Imports 4.4 Gross private domestic investment 11.1 Net Foreign Factor Income 4 Exports 3

Q: base on the data given construct the graph for GDP at current prices, manufacturing and wholesales…

A: Gross domestic product is the sum total of the money value of goods and services produced in an…

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A: Gross domestic product measures the value of the output produced within the domestic territory of an…

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A: DISCLAIMER "Since you have asked multiple questions, we will solve the first three sub-parts for…

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A: We know,National income=C+I+G+(X-M)Y=C+I+G+(X-M)Now,Y=34141+17926+9042+(36872-26812)Y=71,169

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A: National Income is the Net National Product at factor cost, that is, NNPFC. To reach at NNPFC from…

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A: GDP is the final value of goods and services produced in the economy during a given period of time…

Q: United States 2015 (Billions USD) GDP 18,238.3 Trade balance -4913 Net factor income from abroad…

A: GDP = 18,238.3 Trade Balance = -491.3 Net income from abroad = 185.4 Net Unilateral Transfer =…

Q: Q.3.3 Show how gross national product (GNI) can be derived from gross domestic product (GDP).

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A: Gross product is the total market value of product produced domestically ina year.

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Q: b) The following table shows a country's national income data with a population of 50million…

A:

Q: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G)…

A: We will use expenditure method of calculating national income.

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A: Gross domestic product is the sum total of money value of goods and services produced in an economy…

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Q: Answer just 4th part

A: Definition of ExpenditureThe act of spending time, energy, or money on something is referred to as…

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A: GDP is the value of the final goods and services that are produced and manufactured in a country.

Q: 41 Consumption of Fixed Capital 10 Social Security Contributions Transfer Payments 27 24 Imports of…

A: NDPFc ( domestic income ) = compensation of employees + operating surplus + mixed income = 217 + 35…

Q: Use either the expenditure approach or the income approach to calculate the following national…

A: GDP by Expenditure Method = Consumption + Investment + Government Spending + Net Exports Net Exports…

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A: Here we calculate the equilibrium level of expenditures for this economy and choose the correct…

Q: GDP is often calculated using the expenditures approach, where you add up all spending in four…

A: Answer- Need to find- GDP is often calculated using the expenditures approach, where you add up all…

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A: (i) In order to plot the following points on the graphical region, we will need two axes with one…

Q: 1. Calculate the GDP by using both formulas, expenditure approach and income approach. Also…

A: The Gross Domestic Product (GDP) is a vital metric that measures the overall economic output of a…

Q: U.S Economy 2020 Investment Expenditure $ 2160 Personal Consumption $ 1390 Net Export $809 Nationals…

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Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…

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Q: (Expenditure approach to GDP). You have the following annual information about a hypothetical…

A: GDP = C + Ip + G + X - M, where Ip: Gross investment and NX = X - M Net investment = Ip -…

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