What is the formula for the NET DOMESTIC PRODUCT In the economic HELP

Q: In an economy:- National income is $10,000 million and net factor income from abroad is $6700…

A: The information being given to us is as follows:- National Income = $10,000 million Net factor…

Q: Calculate domestic income when national income is $23,000 and net factor income from abroad is $6600

A: The data presented in the question above is:- National income = $23,000  Net factor income from…

Q: Discuss  the following  : Nominal national income and real national income in Oman.

A: National income: National income can be defined as the generation of output in a year, if there are…

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: National income is $29,000 and net factor income from abroad is $16,000 Calculate NDPFC

A: * SOLUTION :-  * Given that National income (NNPfc) = $29000 Net factor income from abroad = $16000…

Q: Discuss the limitations of gross domestic product (GDP) as a measurement tool please.

A: GDP is the total income of the domestically produced final goods and services which would result in…

Q: If net Exports is $100 and exports are $250  Find imports

A: The data presented in the question above is :- Net exports = $100 Exports = $250  Imports are to be…

Q: Residents of several European countries spend less time working and more time on leisure activities…

A: The money value of all the goods and services produced in a country in a given period of time is…

Q: If net factor income from abroad is $900 million and the value of national income is $6000 million…

A: The information being provided to us is as follows:- Net factor income from abroad = $900 million…

Q: Calculate (a). The Gross national income at factor cost (b). Net national income

A: A)   Gross National Income at factor cost -:…

Q: From the following data, calculate national income by value added (net output) method (Rs. In…

A: Gross value added is the difference between gross value of output and the value of intermediate…

Q: What must be added to the domestic factor income to avail national income?

A: According to the given question Actually we can say that domestic factor income is basically the…

Q: If net exports is $700 million and imports is $230 million Calculate Exports

A: The data presented in the question above is :- Net exports = $700 million Imports = $230 million…

Q: If net exports are $300 and in the country the exports are double that of imports Calculate the…

A: According to the above mentioned question, the values are:- Net exports = $300 million Also the…

Q: If net exports is 0 and imports are $70 million What is the value of exports

A: The information given is:- Net exports = 0 Imports = $70 million We have to calculate Exports

Q: Calculate National income if:- GNP at MP = $3000 Depreciation = $2000 Net indirect taxes = $500

A: The data presented in the question above is:- GNP at MP = $3000   Depreciation = $2000   Net…

Q: If National income is $3250 million and NDPFC is $2500 million Find net factor income from abroad

A: According to the above mentioned question, the values are:- National Income = $3250 million NDPFC =…

Q: Define gross national income (GNI)?

A: There are many factors to measure the economic growth and development of a country. Gross national…

Q: Explain gross national income (GNI)?

A: Gross National Income (GNI) is a widely used macroeconomic indicator. This data is often considered…

Q: Calculate the Gross Domestic Product according to the picture provided

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: The GNP deflator is 188 and Real GNP is $12,500 Calculate Nominal GNP

A: The information being given is:- GNP deflator = 188 Real GNP = $12,500 Nominal GNP = ?

Q: Consider country A. Its GDP is 500, and its income payments to foreign countries is 10 and its…

A: GDP=500income payments to foreign countries=10receipts from foreign countries=8

Q: What is Gross National Income and give examples.

A: The national income accounting is a system of book keeping used by the government just like a…

Q: Can there be a condition where the value of real gross domestic product becomes equal to the nominal…

A: # Nominal GDP is calculated taking into consideration the current year prices on the other hand in…

Q: Show all calculations and formulae. Q.7.2.1 Calculate the value of the country's GDE (Gross Domestic…

A: Gross Domestic Expenditure: The expenditure way to deal with computing total national output (GDP)…

Q: f National income is given to be as $22,000 and net factor income from abroad is $19,000 Calculate…

A: here we calculate the NDPfc by using the given information so the calculation of the following by…

Q: What is 4Gross domestic product (GDP)?

A: Gross Domestic Product The key indicator of the value added created by the production of commodities…

Q: If exports are $390 and imports is $200 Calculate net exports

A: According to the question:- Exports = $390 Imports = $200 We have to calculate net exports

Q: Explain the difficulties in the measurement of the national income?

A: According to the given question While measuring the national income of a country there exists two…

Q: what is gross domestic product?

A: GDP refers to the market value of the final production of all the goods and services within the…

Q: If National income is $1300 million, net factor income from abroad is $500 million Find the value…

A: The information given to us is as follows:- National Income of the country = $1300 million Net…

Q: What are the two approaches used to measure gross domestic product? Explain each approach.

A: Gross domestic product (GDP) is an estimation that tries to catch a country's financial yield.…

Q: Calculate GNP at MP if:- GDP at MP = $5500 Net factor income from abroad = $2200

A: The data presented in the question above:- GDP at MP = $5500   Net factor income from abroad = $2200…

Q: If net exports are $30 million and imports are $113 million Find the value of exports

A: According to the above-mentioned question, the values given are:- Net exports = $30 million Imports…

Q: Calculate the value of exports if net exports are $390 million and the imports are $200 million

A: The emergence of the global economy was dependent on international trade. Global events both…

Q: Calculate NNP at FC and personal income in the question below. GDP at FC 400 Income from domestic…

A: Use Below formula:NNP at FC = GDPFC-Depreciation +NFIANFIA = Net factor income from abroad

Q: Income Mexican citizens earn in the U.S. counts in Select one: a. Mexican GNP. O b. Mexican GDP. 01…

A: GNP refers to gross national product.

Q: Which among the following is creating confusion according to the different authors in the…

A: Transfer payments

Q: Give one reason how will it would be treated in estimating national income 1)Expenditure on…

A: Generally in the given question In simple words we can say that the national income is the…

Q: What would be the value of national income if net domestic product at factor cost is $39,000 and the…

A: The data presented in the question is:- Net domestic product at factor cost (NDPFC) = $39,000 Net…

Q: In an economy exports are $350 million and imports are $350 million Calculate net exports

A: The information being given is:- Exports = $350 million Imports = $350 million We have to find net…

Q: Identify which of the following measures are used to calculate national income?

A: The national income is the total income or the GDP which is the total domestic income which can be…

Q: Net exports are -$114 billion and exports are $857 billion. What are imports?

A: Given: Net export = -$114 billion Exports =$857 billion

Q: What is Gross Domestic Product and give some examples.

A: GDP is  the total monetary  value of all the final commodities produced within a  specific…

Q: Discuss various ways of measuring the size of the national deb

A: The national debt is the total public debt with the government of the country in a particular period…

Q: What will be the value of exports if net exports is $1000 million and imports are $3300 million

A: The information being given is:- Net Exports = $1000 Imports = $3300 We have to calculate value of…

Q: Net domestic product (NDP) is determined by

A: Net domestic product (NDP) is the final net value of all the products and services that are produced…

Q: Find net Exports given:- Exports = $6400 Imports = $2200

A: The data presented in the question above is:- Exports = $6400 Imports = $2200 Net exports are to be…

Q: COMPUTE THE NOMINAL GDP

A: A country's nominal GDP is determined using current prices and is not adjusted for inflation.…