Use the data below to answer question Consumption Expenditures (C) $12,100 billion Investment Expenditures (I) $3,800 billion Government Expenditures (G) $3,200 billion Exports (EX) $2,500 billion Imports (IM) $2,760 billion $2,200 billion Depreciation Gross Domestic Product (GDP) is equal to O $21,600 billion $24,360 billion O $18,840 billion O $17,840 billion
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- 1) The data below shows the value of economic activities of a country in year 2017. Items RM (Million) Agriculture and mining Construction Income from abroad Manufacturing Gas and electricity Banking and finance 250 650 200 350 300 150 240 Government services Wholesales and retails Freight and transportation Income to abroad Depreciation Subsidies Indirect taxes 170 190 530 90 124 270 Calculate: (a) Gross Domestic Product at market price. (b) Gross Domestic Product at factor cost. (c) Gross National Product at factor cost. (d) National Income.The equilibrium level of real GDP is Real GDP Consumption (Y) (C) $8,000 $6,200 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Investment Purchases Exports Aggregate Planned (1) $1,675 (G) (NX) $1,675 -$500 Expenditure $9,050 1,675 1,675 -$500 9,700 1,675 1,675 -$500 1,675 -$500 1,675 -$500 1,675 1,675 10,350 11,000 11,650 Unplanned Change in Inventories $-1,050 -700 -350 350e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
- (c) The following table is the information of the real GDP and all the expenditures (the numbers are in billions) for Country XYZ. Planned Government Real GDP (S) Consumption ($) Net Exports ($) Investment ($) 350 Purchases ($) 450 4000 3500 -100 5000 4300 350 450 -100 6000 5100 350 450 -100 7000 5900 350 450 -100 (i) What is the equilibrium level of real GDP? (ii) If potential GDP is $7000 billion, is the economy at full employment? If not, what is the condition of the economy? If the economy is not at full employment, by how much should government spending increase so that the economy can move to the full employment level of GDP?Excluding indirect business taxes and depreciation, Gross Domestic Income (GDI) Select one: a. never equals GDP. b. would equal GDP if there was no depreciation. c. is the sum of all income paid to the factors of production. d. cannot be computed.From the following data calculate GNP at factor cost by Income Method & Expenditure Method Items Rs. in Crores Net Domestic capital formation Compensation of employees 500 1850 Consumption of fixed capital (Depreciation) 100 Govt. Final consumption Expenditure 1100 Private Final consumption Expenditure 2600 Rent 400 Dividend 200 Interest 500 Net Exports (-) 100 Undistributed Profits 900 Net Factor Income From Abroad (=income from abroad – income to abroad) (-) 50 Net Indirect Taxes (-indirect Tax - Subsidy) 250
- Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product) at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.6. Expenditures and Income Approaches Consumption Expenditures Wages Taxes on Production and Imports Government Purchases Statistical Discrepancy Imports Undistributed Corporate Profits Rent Proprietor's Exports Dividends Depreciation Income Interest Gross Private Domestic Investment Corporate Income Taxes Corporate Profits Net Foreign Factor Income $69000 $76000 $16000 $58000 $11000 $47000 $14000 $42000 $15000 $34000 $22000 $24000 $31000 $41000 $18000 $54000 $17000 Complete parts a and b. a. Given the numbers above, solve for Real GDP using the expenditures approach. Given the numbers above, solve for the National Income (NI). b.The following transactions took place in Ecoland in 2018: Trillions of 2014 dollars Government purchases 400 Taxes 360 Firms’ profits 300 Investment 400 Consumption expenditure 1000 Wages paid to labor 1400 Exports 300 Government transfer payments 150 Imports 350 (a). Calculate Ecoland’s real GDP in 2018, i.e., GDP measured in 2014 $. (b) How much do households save in Ecoland? Is it enough to finance domestic investment? (c) Does the government have a balanced budget? If not, what is the surplus or deficit? (d) If Ecoland’s nominal GDP in 2018 is $1900 trillion, how much inflation has Ecoland experienced since 2014?
- The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions Spending category education welfare and Social Security health care defense payments on debt other Value (millions) $320 $890 $270 $120 $170* $%240 Revenue categoryValue (millions) ncome tax sales tax corporate tax social insurance $800 $270 $300 $340 GDP in 2010: $7.3 billion Total debt as of 2009: S3.5 billior *This payment covers total interest owed only How much money in millions did Littleland need to borrow in 2010 to finance its government spending? What was Littleland's deficit to GDP ratio in 2010? Give your answer to the nearest whole percentage point. At the end of 2010, what was Littleland's debt to GDP ratio? Give your answer to the nearest whole percentage point.2. Consider country Dreamland produces only one final goods, sand witch involving with various production process. The stages of production of sandwitch the fiscal year 2020 have been considered the table below Stages of Production Wheat Flour Dough Bread Sandwitch Market Value 280 320 350 420 500 Suppose, 80 billion taka of flour and 120 billion taka of bread have been used as final consumption in fiscal year 2020. Using these restrictions, estimate the Gross Domestic Product (GDP) based on value addition method. Verify GDP by using expenditure method, and compare these two estimations.Billions of Dollars 6,500 1,900 1,200 Consumption Gross private domestic investment Government spending less transfer payments Imports Exports Depredation Indirect business taxes and transfers 600 500 1,500 750 17) Using the above table, the GDP is (in billions of dollars) A) 10,200. B) 8,200. C) 8,900. D) 9,500.