From the following data, calculate national income by value added (net output) method (Rs. In crores) Gross value of output at market prices 18000 Value of intermediate consumption 5500 Depreciation 1500 Indirect taxes 800 Subsidies 100 Net factor income from abroad -250
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A: The information being provided to us is as follows:- Net factor income from abroad = $900 million…
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A: The information given to us is as follows:- Domestic income or NDP at FC = $3200 Depreciation = $400…
Q: From the following data, calculate national income by value added (net output) method (Rs. In…
A: Gross value added is the difference between gross value of output and the value of intermediate…
Q: Net domestic product is equal to gross domestic product net of: OA. Inflation. O B. Indirect taxes.…
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Q: Consider the following information given for calculation of different national income aggregates:…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Calculate value added if intermediate consumption is $3500 million and the value of output is $7700…
A: The data presented in the question is:- Intermediate consumption = $3500 million Value of output =…
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A: Nominal GDP is the sum of market value of goods and services produces in an economy during a…
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A: The given information is as follows:- GDP deflator = 161.82 Real GDP = $1300 The formula for GDP…
Q: The consumption is $430 and the income is $630 Calculate the APC
A: The information being given is:- Consumption = $430 Income = $630 We have to calculate the value of…
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A: Answer: Let us use the following formula to find the real GDP: Price index=Nominal GDPReal…
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A: The given information is as follows:- Value added by firm = $2300 Million Exports of the firm = $750…
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A: Government investment is a part of the nominal GDP. Since, no other measure is given under nominal…
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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: What is the nominal GNP for year 2018? Refer to the corresponding letters A to J. Value added of…
A: Nominal GNP is calculate by computing GDP and adding net factor or primary income from abroad or…
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A: The given information is as follows:- Nominal GDP = $2700 million Real GDP = $2300 million We need…
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Q: The value of output in a given economy is $910 and the intermediate consumption are given as $310…
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A: The information being given is:- Value added by firm = $44,000 Exports by the firm = $23,000…
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A: Formula for GDP deflator can be calculated by dividing the nominal GDP by real GDP.
Q: If nominal GNP through expenditure approach is $10000 and real GNP is $10000. Find the GNP deflator.
A: Nominal GNP = $10000 Real GNP = $10000
Q: Calculate the domestic sales by firm A if value added by firm is $16,000 , exports by firm is $9000…
A: Value added by firm A=$16,000 Exports by firm A=$9000 Purchase by firm A=$3000 Value added is one of…
Q: If net Indirect taxes is $20,000 and Gross National product at market price is $28,000 Calculate…
A: The data presented in the question above is:- Net indirect taxes = $20,000 Gross National product at…
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A: GDP refers to the market value of all final goods and services that are produced in an economy…
Q: If exports and imports is US are $450 million and $380 million respectively Calculate the value of…
A: Exports are the products sold to foreign country by the domestic country.Imports are the products…
Q: If Nominal GNP is 20,000 and Real GNP Is 16000 Calculate GNP deflator
A: The information being given is:- Nominal GNP = 20,000 Real GNP = 16,000 We have to calculate GNP…
Q: Find the national income if the domestic income is 2200 and net factor income from abroad is 60
A: So in the question, Domestic income is = 2200 The value of net factor income from abroad is = 60…
Q: The value of national income is $3100 million and the value of net factor income from abroad is $600…
A: According to the above given question, the information is:- National Income = $3100 million Net…
Q: If GDP deflator is 177 and real GDP is $16000 million Calculate the value of Nominal GDP
A: The information being given is:- GDP deflator = 177 Real GDP = $16,000 million We have to calculate…
Q: If value added is $100 million and the value of output is $130 million Find the value of…
A: The information being given is:- Value added= $100 million Value of output = $130 million We have to…
Q: Calculate the value of output if value added is $2500 million and the intermediate consumption is…
A: In economics, output refers to the "amount of goods or services produced by a firm, industry, or…
Q: If intermediate consumption is $40 million and value of output is $50 million Find the value added
A: The given information is as follows:- Intermediate consumption = $40 million Value of output = $50…
Q: Year Nominal GDP Real GDP Price Index 1 4,900 4,800 2 5,000 5,000 5,400 5,100 Refer to the table.…
A: The GDP Price Index computes the annualized change in the prices of all GDP-included goods and…
Q: COMPUTE THE NOMINAL GDP
A: A country's nominal GDP is determined using current prices and is not adjusted for inflation.…
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- Calculate gross domestic product at factor cost if GDPMP Is $32000 million and net indirect taxes are $18000 millionCan 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?Calculate from the followig data (a) Private income (b) Personal disposable (vi) Net current transfer from rest of the world (iv) Current transfers from government administrative (v) Income from property and entrepreneurship income (c) Net national disposable income Items (7 in crores) (i) National income (ii) Savings of Private corporate sector (i) Corporation tax 3000 30 80 60 departments accruing to govt. administrative departments 150 50 (vii) Savings of non departmental enterprises (viii) Net indirect taxes (ix) Direct taxes paid by households (x) Net factor income from abroad (xi) National debt interest 40 250 100 (-)10 80
- GDO minus depreciation is the the formula used to calculate a- net national product b- gross national product c- gross domestic product d- national incomeFrom the following data calculate the gross value added at market price 700 None of the given choices 1300 Categories (ON 1200 Subsidy 50 Sales 900 Depreciation 20 Exports 200 Closing stock 150 Opening stock 50 Intermediate consumption 300The term National income refers to the?(A) total employment(B) total unemployment(C) global employment(D) local employment
- The following data relate to an emerging African country.Item Value('000) KSHSGNP 8,000,000 Depreciation 100,000Indirect Business Taxes 80,000Gross Investment 400,000Total population 30,000Consumption 10,000Personal Income Taxes 800Excise duty 80Personal Income 89,000Net factor incomes from abroad 200,000 Using the above data, calculate: Net National Product and GNP per capita Net investment and Disposable personal income Gross domestic productCalculate value of output if:- Value added = $8800 Intermediate Consumption = $3200Year I Year 6 Year 9 Government Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income earned overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Exports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 4. Net National Product: NNP = GNP at factor cost - Depreciation Year 1 Year 6 Year 9
- Personal income and property taxes paid by individuals are not included in the income approach of gross domestic product calculationIf exports and imports is US are $450 mil- lion and $380 million respectively Calculate the value of net exportsSuppose we have the following information about a car manufacturer: car sales £1000, steel purchases £600, wages £300, interest on business loans £50, and profits £50.What is its contribution to GDP using the product approach?(a) £1,000.(b) £600.(c) £400.(d) £350.(e) £160.