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- Income aproach Table 2 Items RM (Millions) Wages and salary 1,050 Rent 850 Interest 880 Distributed Profit 1,300 Proprietor’s income 750 Depreciation 200 Undistributed profit 200 Transfer payment 75 Social security contribution 90 Personal Income Tax 110 Net factor income earned from abroad 89 Based on the above data, calculate: Gross Domestic Income Gross National Income National IncomeYear Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table to measure the consumer price indexfor 2019, 2020 and 2021 respectively.Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domesticproduct (GDP). Explain, with the aid of an equation, the components of the consumptionfunction.Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domestic product (GDP). Explain, with the aid of an equation, the components of the consumption function. Explain the relationship between Investment spending and the interest rate.
- 10. From the following data calculate Net Value Added at Factor Cost S.No. Contents ? (in crores) (i) Net Factor Income to Abroad 30 (ii) Sales (iii) Purchase of Intermediate Goods (iv) Consumption of Fixed Capital (v) | Exports (vi) Indirect Taxes (vii) Change in Stock 3500 2000 500 400 350 50I. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator. Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.557 /105 100% JAns. (a) Rs. 401 crores (b) Rs. 309 crores. Calculate (i) National Income with the help of Income Method, (ii) GDP at Factor Cost from the data using Expenditure Method. Items Rs. (in crores) 1. Private final consumption expenditure 2. Net donestic fised capital formation 3. Consumption of fixed capital 4. Closing stock 5 Opening stock 6. Govt. final consumption expend. 7. Net exports 85 25 10 5 10 (-)5 80 8 Wages and salaries 10 20 9. Contribution of employers towards social security 10.Operating surplus 11. Net factor income from ROW 12. Net indirect taxes (-) 5 10 Ans. (a) Rs. 105 crores (b) Rs. 112 crores Use expenditure method to calculate Net National Product.
- The table contains price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and Escape SUVs. 2016 2016 2017 2017 price quantity price quantity Ford Escape SUV's $24,485 307,069 $24,645 308,296 F-Series Trucks $44,400 820,799 $47,800 896,764 A. Calculate the amount contributed by Ford to U.S. GDP (real and nominal) from the sales of the two models in 2016 and 2017. B. Determine the growth rate of nominal GDP (if Ford were the entire economy). C. Determine the growth rate of real GDP (if Ford were the entire economy).Question: What is the difference between the Gross value added and Net value-added ?[A] Value added[B] Depreciation[C] Production flow[D] InvestmentPlease Dont use AI tool.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) 165
- What is the formula of Income Approach, one of the methods of Gross Domestic Product and how is it calculated?Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool.Calculate from the followig data (a) Private income (b) Personal disposable (vi) Net current transfer from rest of the world (iv) Current transfers from government administrative (v) Income from property and entrepreneurship income (c) Net national disposable income Items (7 in crores) (i) National income (ii) Savings of Private corporate sector (i) Corporation tax 3000 30 80 60 departments accruing to govt. administrative departments 150 50 (vii) Savings of non departmental enterprises (viii) Net indirect taxes (ix) Direct taxes paid by households (x) Net factor income from abroad (xi) National debt interest 40 250 100 (-)10 80
