What is the expenditure approach to measuring GDP? The expenditure approach to measuring GDP sums together and the largest component is O A. consumption expenditure, investment, govermment expenditure on goods and services, and net exports; consumption expenditure O B. net domestic income at factor cost, indirect taxes less subsidies, and depreciation; net domestic income at factor cost OC. consumption expenditure, investment, government expenditure on goods and services, and net exports, government expenditure on goods and services D. compensation of employees, net interest, rental income, proprietors' income, and corporate profits, compensation of employees

Refer to the table given. The gross domestic product (GDP) in billions of TL i .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment 1000 500 30 650 Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 50 300 40 200 600 50 200 3440 2900 3140 3650

2. Use the data below to answer the questions that follow. Item Consumption expenditure Government purchases Amount (billions of dollars) 350 Interest and investment income Profit of corporations & public enterprises Income from farms and unincorporated businesses Wages, salaries, and supplementary labour income Capital consumption allowance (depreciation) Investment Exports Imports (Indirect) taxes less subsidies a) Calculate net exports. b) Use the expenditure approach to calculate GDP. c) Use the income approach to calculate GDP. 100 35 55 50 325 50 150 46 56 75

Using the following information. Showing all working and calculate (i) Personal and disposable income (ii) Household consumption Expenditure

able 1 contains price and quantity information for two products produced by Apple,the iPhone and Apple Watch for 2016 and 2017. Let’s assume that they were producedin the United States.Table 1: Apple Products                   2016                            2017                        Price    Quantity         Price    QuantityiPhone           $1,200     300             $1,250     400Apple Watch    $500      800              $650       850ˆ Calculate the amount contributed by Apple to nominal U.S. GDP from the salesof the two products in 2016 and 2017.ˆ Calculate the amount contributed by Apple to real U.S. GDP from the sales ofthe two products in 2016 and 2017.ˆ Determine the growth rate of nominal GDP (if Apple were the entire economy).ˆ Determine the growth rate of real GDP (if Apple were the entire economy).ˆ Use the shortcut you learned to convert between real and nominal growth ratesto determine the growth rate of prices.ˆ Is the increase in nominal GDP due to a change in…

Table 1 contains price and quantity information for two products produced by Apple,the iPhone and Apple Watch for 2016 and 2017. Let’s assume that they were producedin the United States.Table 1: Apple Products                   2016                            2017                        Price    Quantity         Price    QuantityiPhone           $1,200     300             $1,250     400Apple Watch    $500      800              $650       850ˆ Calculate the amount contributed by Apple to nominal U.S. GDP from the salesof the two products in 2016 and 2017.ˆ Calculate the amount contributed by Apple to real U.S. GDP from the sales ofthe two products in 2016 and 2017.ˆ Determine the growth rate of nominal GDP (if Apple were the entire economy).ˆ Determine the growth rate of real GDP (if Apple were the entire economy).ˆ Use the shortcut you learned to convert between real and nominal growth ratesto determine the growth rate of prices.ˆ Is the increase in nominal GDP due to a change in…

5. Given the following table Items RM Million Imports Depreciation Exports Dividends 70 50 80 10 Government Purchases 120 Receipts Of Factor Income From The Rest Of World Amount Of National Income Not Going To Households Payments Of Factor Income From The Rest Of World Net Private Domestic Investment Personal Income Taxes 20 10 40 350 100 Personal Consumption Expenditures 750 a. Calculate the GDP b. Calculate the GNP C. Calculate the NNP d Calculate the national income e Calculate the personal income f. Calculate the disposable personal income POCO SHOT ON POCO F2 PRO

The three ways of measuring Gross Domestic Product are the __________ approach, the ________ approach, and the __________ approach. 3   Select one: a. real GDP, nominal GDP, potential GDP b. income, expenditure, value-ad3ded c. expenditure, income, real GDP

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1- Answer the following questions, According to given data about Country X, Corporation Tax Insurance Payment Student Grant Payments Export Import Retained Earnings Government Expenditures Depreciations Consumption Payments Personel Taxes A. What is the value of Gross Domestic Product for country X? B. What is the value of Gross National Product for country X? C. What is the value of Net National Product for country X? D.What is the value of National Income for country X? E. What is the value of Personel Income for country X? F. What is the value of Disposable Personel Income for country 25 15 15 25 15 40 X? 400 30 950 60 Indirect Taxes 70 Other Transfer Payments 20 Gross Investments 250 Net Foreign Factor Income Interest Earnings 55 15