Final goods or services used to corpute GDP refer to the value of outstanding shares of stock of manufacturing firms goods and services purchased by the ultimate users. the factors of production used to produce output. the sum of all wages paid to laborers.
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- A company in the United Kingdom earns $100 million by producing and selling advertising chances to domestic consumer goods companies. Users of the site are not charged. It pays $50 million in salaries to its programmers, $10 million in rent to Silicon Valley landlords, $20 million to stockholders, and $20 million for computer hardware. What is the added value of this company, and does it generate a semi-finished or finished product?Suppose GDP in this country is $690 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 150 Taxes minus Transfer Payments (T) 210 Consumption (C) Investment (I) 165The measure to measure the value of the total final production in a country during a year is the gross domestic product. Which variables determine the gross domestic product? What are the two approaches that are used to measure gross domestic product?
- An industry buys $3.75 million worth of resources to make a product. The industry makes 750,000 units of the product and each of them sells for $27. What is the value added per unit in that industryUsing the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Billions Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government purchases $226.2 19.8 11.8 59.4 Taxes on production and imports 14.4 Net private domestic investment Transfer payments U.S. imports of goods and services 52.1 13.9 16.5 Personal taxes 40.5 Net foreign factor income Personal consumption expenditures Statistical discrepancy 2.2 249.1 0.0 Instructions: Round your answers to 1 decimal place. a. GDP = $ billion b. NDP = $ billion c. NI = $ billionUse 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.
- Calculate the domestic sales of the firm if it's value added is $44,000 , exports are $23,000 and the purchase made are 50,000Problem I. Transfer Payments P54 Interest Income 150 Depreciation 36 Wages 67 Gross Private Investment (1) 124 Business Profits 200 Indirect Business Taxes 74 Rental Income 75 Net Exports (X-M) 18 Net Foreign Factor Income 12 Government Purchases (G) 156 Household Consumption (C) 304 Calculate the Gross National Income using Expenditure and Income Approaches.Explain the calculation methods of Gross Domestic Product
- Depreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.If intermediate consumption is $430 million and value of output is $560 million Calculate value addedMCQS 1- Which of the following is NOT a component of Gross Domestic product? Investment. Consumption. Tax Government Expenditure 2- ………… is the market value of all final goods & services produced within a country in a given period of time. Inflation Multiplier Gross Domestic Product Gross National Product 3- ………………... refers to the measure of the overall cost of the goods and services bought by a typical consumer. Producer price index Nominal interest rate Consumer price index Inflations please answer all mcqs