a. Based on the data, calculate the following values: (Enter your responses as integers)LCalculate GDP: S bilion.LCaloulate NDPS bilion. Caloulate NNI: S bilionb. Suppose that in the next year, exports increase to $165 bilion, imports increase to $211 bilion, and gross consumption fals to $335 bilon. What wil GDP be in that year? $billione. the value of depreciation (capital consumption allowance) should ever eceed that of gross private domestic investmont, how would this affect the future productivity of the nation?Future productivity wouldEnter your answer in each of the answer boxes Consider the following hypothetical data for the Canadian economy in 2012 (all amounts are in billions of dollars). Assume any unstatecCategoryValueConsumptionGovernment spendingGross private domestic investmentExportsImportsDepreciation (CCA)$38530410614011168Indirect business taxes25a. Based on the data, calculate the following values: (Enter your responses as integers)i. Calculate GDP: Sbillion.. Calculate NDP: $billioni. Calculate NNI: $billion.Enter your answer in each of the answer boxes.

GDP is calculated as C+I+G+(NX) = 385+ 106+304+(140-111) = 824 billion dollars

a. Based on the data, calculate the following values: (Enter your responses as integers) L Calculate GDP:S billion. . Calculate NDPS billion Calculate NNI S billion. Enter your answer in each of the answer boxes.

a. Based on the data, calculate the following values: (Enter your responses as integers) L Calculate GDP:S billion. . Calculate NDPS billion Calculate NNI S billion. Enter your answer in each of the answer boxes.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.1: National Income Accounting

Problem 5R

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Question

a. Based on the data, calculate the following values: (Enter your responses as integers)
LCalculate GDP: S bilion.
LCaloulate NDPS bilion
. Caloulate NNI: S bilion
b. Suppose that in the next year, exports increase to $165 bilion, imports increase to $211 bilion, and gross consumption fals to $335 bilon. What wil GDP be in that year? $
billion
e. the value of depreciation (capital consumption allowance) should ever eceed that of gross private domestic investmont, how would this affect the future productivity of the nation?
Future productivity would
Enter your answer in each of the answer boxes

Consider the following hypothetical data for the Canadian economy in 2012 (all amounts are in billions of dollars). Assume any unstatec
Category
Value
Consumption
Government spending
Gross private domestic investment
Exports
Imports
Depreciation (CCA)
$385
304
106
140
111
68
Indirect business taxes
25
a. Based on the data, calculate the following values: (Enter your responses as integers)
i. Calculate GDP: S
billion.
. Calculate NDP: $
billion
i. Calculate NNI: $
billion.
Enter your answer in each of the answer boxes.

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