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- 16 - Which of the following is the production value of a Turkish artisan who produces bread in Karabük? a) GDP B) net national income C) GDP D) GDP vs. GNP TO) Added ValueAssignment If you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages social security deductions personal taxes (direct taxes ) Imports 2335 125 410 350 Rent 250 income of foreigners inside Jordan 450 Exports retained (undistributed) profit 145 70 Interest 360 Depreciations transfer payments 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures corporate taxes Government expenditures 750 275 740 Profit 475 According to the above information answer the following questions: 1. find the following values related to GDP accounts : • Gross domestic product (GDP) according expenditure approach = • Net domestic product (NDP) = • Domestic income (DOI) = • Gross national product (GNP) = • Net national product (NNP) = National income (NI) = Personal income = • Disposable personal income (DPI) = household savings (S) = %3D Cash Dividends ( distributed profit) = 2. Find the Gross Domestic Product…calculate operating surplus and net exports wages and salaries 2400 domestic income 4000 gross domestic fixed capital formation 1000 mixed income of self employed 400 private final consumption expenditure 2000 net factor income from abroad 200 net indirect taxes 150 government final consumption expenditure 1000 consumption of fixed capital 100 profit 500 change in stock 100
- "What is the Economic sectoral impact OF COVID 19 IN TONGA FROM 2019 TO 2021"Evample 8. Calculate Factor Income to abroad. Particulars in crores (1) GNP at MP 4,500 (ii) Replacement of Fixed Capital (iii) Indirect Taxes (iv) Subsidies (v) Factor Income from abroad 100 300 200 700 (vi) NDP at FC 3,900 Solution:The following diagram shows select information for an economy made up of three industries for a particularly year. i+wtr+p Industry 1 f-40 10 Hwtrtp -0 20 90 30 Industry 2 +f-160 i+wtr+p f-0 Industry 3 m- 100 iminterest, wwages/salaries;r=rent pprofit, m=intermediate inputs, s= maket value of total industry output; f=market value of industry output sold as 'final' products. Note: All values are in billions of doll ars What is the gross domestic product (at factor prices) for this economy? none is correct O $400 billion O $600 billion O $330 billion 24237/take/gustion/200 EX
- Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70GDP factor cost= ₹400; Depreciation= ₹50; Net Indirect Taxes=20; Net Factor Income from Abroad (NFIA)= 10 Please explain clearly below : Calculate NDP, NNP AT Factor cost and NDP, NNP at Market Price.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.
- Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest Proprietors' In come Transfer Payments Dividends Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consumption Expenditures Consumption of Fixed Capital (Capital Depreciation) Net Foreign Factor Income Corporate Profits Statistical Discrepancy $ Billions 35 15 28 31 20 31 26 52 43 16 320 45 36 55 35 25 395 45 10 83 -14 a. With the data above, clearly show your steps including the economic variables involved and calculate: 1. Gross Domestic Product (by any approach of your choice). Interpret your estimated GDP value. 2. National Income (by any approach of your choice). Interpret your estimated national income value. 3. Personal Income. Interpret your estimated personal income value.a) Place the numbers below in the appropriate blanks in the figure above (billions of dollars) Personal Consumption Rents Interest Corporate Profits Gross Investment Government Purchases Wages Imports Exports Savings Depreciation Taxes $2,582 14 287 297 669 815 2,347 178 100 2,082 582 500 (i) Net Exports (ii) Total Leakages (iii) Personal Income (iv) Personal Disposable IncomeSpring20 fall20 Which of the following expressions equals GDP? Select one: a. compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes-subsidies b. compensation of employees + consumption + depreciation + net investment O C. compensation of employees + net expdsts + depreciation + corporate profits d. compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies Next page