GDP

If GDP is $200, income earned by foreign investments is a credit gain of $22, income paid to foreigners is a debit loss of $28, losses from derivatives are $6, and net transfers abroad is a debit loss of $10, calculate Gross National Product (GNP) a) $184 b) $178 c) $194 d) $140 e) $204

(i) Final goods that are produced but remain unsold in the current year should be excluded in the calculation of GDP for the current year. (ii) Under expenditure method, the value of apples used in the production of apple juice for retail purposes should not be added in the final production when measuring GDP. (iii) Ignoring transaction charges, a purchase of $50,000 worth of Singtel shares should be included in GDP measurement. Are these statements true or false?

Question 51                  Which of the following would NOT be counted in gross domestic product?   Question 51 options:   a)  Hamburgers sold by McDonalds in China   b)  Beauty supply products (final goods) sold by a Korean-owned store in Detroit   c)  Hamburgers sold by Wendy’s in Farmingon Hills   d)  Cars manufactured in the state of Tennessee by Toyota

GDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal income

gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency  50   Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?

I. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator.  Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.5

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Budget Analysis (9’) The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Assuming City A’s population grows at a constant rate in the next decade. Based on the information in the table, estimate City A’s population in 2030.  Calculate per capita spending in 2010 and 2020, respectively, using constant dollars.  Calculate the compound annual growth rate of per capita spending from 2010 to 2020

The consumer price index: a) tracks the value of output over time. b) is not tied to cost-of-living adjustments. c) doubles every five years in the economy. d) is a weighted average of consumer prices. e) is a broader price index measure than the implicit GDP deflator.