What should be added to the net output to get the national income? a. Net factor income from abroad b. Net consumption c. Intermediate consumption d. Net income

Q: Use the following data of a hypothetical economy. Calculate the net Government Purchases $15…

A: Here we calculate the GDP for calculating the NDP , GDP is the production of final goods and…

Q: Given the following: consumption = 400, investment = 300, government expenditure = 150 and net…

A: Economy's GDP Y = Consumption + Investment + Government expenditure + Net export

Q: What government agency compiles the U.S. NIPA tables? In what U.S. department is it located? Of the…

A: NIPA refers to national income and products account is part of the national account of the US. It…

Q: Which one of these will be deducted from gross output to determine the net output? a. Total…

A: Net output = Gross output – Intermediate consumption(Depreciation)   whereas factor income from…

Q: In measuring GDP, which of the following is NOT a factor payment? a. Government's transfers payment…

A: Factor payment approach to calculate GDP includes all factor payments earned by households, that is…

Q: b. Use the data below to calculate the I. Gross National Product at Market Price II. Gross National…

A: Since you have posted a question with multiple subparts, we will solve the first three sub-parts for…

Q: xplain THREE (3) difficulties in measuring national income?

A: National income measures the monetary value of goods and services produced in the economy.

Q: Check on the table below the factors that measure national income. Choose only three from the list…

A: The term "national income" refers to the entire monetary value of all of a country's final goods and…

Q: How much are they spending for the products of the country.  a. consumption b. investment c. gross…

A: The used approach, otherwise called the spending approach, ascertains spending by the various…

Q: Which is the largest component of GDP?a. consumptionb. investmentc. government purchasesd. net…

A: Gross Domestic Product (GDP) helps in measuring the overall output of an economy by taking the…

Q: When opening a print shop you need to buy printers, computers, furniture, and similar items,…

A: Since you posted multiple questions, The answer to the first question is provided. If you want any…

Q: With reference to the table given above, calculate:  iii. National Income  iv. Personal Income…

A: Gross domestic product refers to the market value of goods and services that are produced within the…

Q: how to find gross investment in the economy? is it correct if i add Net investment to Capital…

A: Investment: The term investment refers to the increase in the stock of capital. Here, capital is…

Q: Why does gross domestic product measure the final value of goods and services produced in a country…

A: Final goods are those goods standard measure of the value-added created by the production of goods…

Q: Calculate nominal GDP three ways for the hypothetical economy below. Transaction Value of…

A: GDP is the total market value of goods and services produced domestically during the year. There are…

Q: ITEMS RM (millions) Agriculture 18,000 Mining 12,000 Manufacturing 22,000 Constructions 8,000…

A: Since you posted multiple subparts, we will provide you the answer of first three subparts. If you…

Q: Last year, a small nation with abundant forest cut down $200 worth of trees. It then turned $100…

A: We will use Value of output approach to calculate the GDP for the given nation. Each activity adds…

Q: Based on the data, how much is the net exports? net exports? A -20 120 1.580 B

A: Net exports are a measure of a nation's total trade. The formula for net exports is a simple one:…

Q: Suppose we have a two good economy that produces beef and soy.The price of a unit of beef = $19 and…

A: Price of a unit of beef = $19 Price of a unit of soy = $14 Quantity of beef produced = 125 units…

Q: Given the following: consumption = 700, investment = 300, government expenditure = 150 and net…

A: The economy's GDP is calculated by the following formula, GDP = Consumption + Investment +…

Q: Use the information in the table below to answer  GDP at market prices =$397bn Net primary income…

A: The gross national income (GNI) refers to the total domestic and foreign output claimed by the…

Q: If national income is $5,000 billion and disposable income is $4,000 billion, then what is personal…

A: Given: National Income (Y) = $5,000 billion Disposable income(Yd) = $4,000 billion We know,…

Q: Given the following: consumption = 300, investment = 150, government expenditure = 50 and net export…

A: GDP = consumption + investment + government expenditure + net exports

Q: Derive the following: (i) National Income (ii) Net Investment Personal Income Disposable Income…

A:

Q: 4 In which method, gross domestic product (GDP) is measured, by adding all types of spending on…

A: Gross Domestic Product or GDP measures within a specified period of time the value of all of the…

Q: Question 27 GDP is not a perfect measure of well-being; for example, O GDP incorporates a large…

A: The answer is - Option 2: GDP fails to account for the quality of the environment.

Q: If Mr. Keating quits his job as a teacher to homeschool his own children, GDPa. stays the same…

A: GDP is the total sum of the economic activity inside the nation's territorial limits for a given…

Q: Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income…

A: As per the guidelines solution is provided to the first 3 sub-parts: (i) National income = GDP at…

Q: Which of these items is not a part of the country’s national income? a. Income made by stores that…

A: Which of these items is not a part of the country’s national income?  B) government transfer…

Q: Based on the following table Private consumption expenditure (C) Gross private investment…

A: Net national product measures the total market value of all final goods and services that are…

Q: Define net exports and net foreign factor income. What the the difference? How would net foreign…

A: Net Exports is the difference between exports and imports. Net Foreign Factor Income(NFFI) is…

Q: To arrive at the National income using the value added method, what has to be added to the net…

A: National income is the total value of commodities produced by the companies in a country.

Q: The following is an economy where there are only three goods produced. Wheat, dough, and Subway…

A: (Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10…

A: Given: $50 million worth of materials produced in the U.S. $10 million worth of material purchased…

Q: 3) The value for net exports in billions of dollars is A) -200. B)-150 C) 50. D) 250.   4) The…

A: 3) The value for net exports in billions of dollars is A) -200. B)-150 C) 50. D) 250…

Q: Calculate the value of gross value added at market price when it's given that the value of output is…

A: The given information is as follows:- Value of output = $800 million Intermediate consumption = $380…

Q: value added" and how it can be used to calculate GDP

A: GDP means the total value of final goods and services produced in an economy during a period.  GDP…

Q: Which one of these will be deducted from gross output to determine the net output? a. Intermediate…

A: Net output method is also known as value added method. It is used to measure value added by each…

Q: 1. Check on the table below the factors that measure national income. Choose only three from the…

A: The total value of goods and services being produced by any country during a financial year is being…

Q: c) The table below contains information about the national income data of a country. Items RM…

A: GDP at Market Price = Personal consumption + Gross private domestic investment + Government…

Q: 20. Which of the following represents the measurement of GDP as the sum of consumption…

A: GDP is the final value of all the goods and services which are produced within the domestic economy…

Q: What variables determine gross domestic product? What are the two approaches used to measure gross…

A: 1. Gross domestic product is defined as the market value of final products and services that are…

Q: Differentiate between GNP and GDP. What precautionary measures should be taken while estimating GNP?…

A: The standard measure of value-added produced during a certain time by manufacturing goods and…

Q: a. Calculate the GDP using expenditure approach: b. Calculate the GDP using income approach: C.…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…