question archive The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ
The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ
Subject:EconomicsPrice: Bought3
The following data summarize the expenditures for the country of XYZ during 2013 in millions of alphabets, the currency of country XYZ.
Gross Private Domestic Investment $300
Business Fixed Investment $200
Change in Inventories $100
Exports $200
Imports $200
Personal Consumption Expenditures $800
Government Consumption Expenditures and Gross Investment $500
Statistical Discrepancy $10
Depreciation Expenditures $50
a) Calculate net exports
b) Calculate GDP
c) Calculate national income
d) Assume that the GDP deflator is 120 and calculate real GDP for 2013.
Answer 1:
a)
b)
c)
d)
Question No. 2:
Given the data below, use the various methods of measuring National Income to calculate the following:
· Gross Domestic Product (GDP)
· Net Domestic Product (NDP)
· National Income (NI).
· Personal Income (PI)
· Disposable Income (DI)
Personal consumption expenditures Rs.(in Billions) 400
Government purchases 128
Gross private domestic investment 88
Net exports 7
Net foreign factor income earned in the Pakistan 18
Consumption of fixed capital 43
Indirect business taxes 50
Transfer Payments 169
Personal Taxes 32
Corporate income taxes 36
Social security contribution 24
Undistributed corporate profits 22
Answer 2:
Personal consumption expenditures 400
Government purchases
Gross private domestic investment
Net exports
Gross Domestic Product (GDP)
Consumption of fixed capital
Net Domestic Product (NDP)
Net foreign factor income earned in the Pakistan
Indirect business taxes
National Income (NI)
Social security contributions
Corporate income taxes
Undistributed corporate profits
Transfer payments
Personal Income (PI)
Personal Taxes
Disposable Income (DI)
