_________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year. GNP; NNP NNP; GNP GDP; NNP NNP; GDP
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Q7 MCQ
- _________ is calculated by taking _________ and then subtracting the value of how much physical capital is worn out, or reduced in value because of aging, over the course of a year.
- GNP; NNP
- NNP; GNP
GDP ; NNP- NNP; GDP
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- Q.3.3 Year (Base year) 2018 2019 2020 2021 Cost of a basket (R) of consumer goods/services Show how gross national product (GNI) can be derived from gross domestic product (GDP). 1850 2190 2380 2560MCQS 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 mcqsA 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?
- With reference to the table given above, calculate: i. Gross Domestic Product at factor cost ii. Gross National Product at factor cost iii. National Income iv. Personal Income v. Disposable Incomeyear Good A Good B Litres of water Kilos of apples PA X QA Pa X Qu 2018 2t X 100 3t X 400 2019 36X 200 4E X 500 2020 46 X 300 6t X 600 Let P = the per-unit market price: Q- the number of units produced and sold of each of the final goods produced within the nation, in a given year (le. GDP). Let 2018 be the base year. The percentage (%) change in nominal GDP from 2019 to 2020 (regardless of base year) is: OA) 0.85 (= 85%) B) 0.66 (- 66%) O9 0.56 (- 56%) D) 0.76 (- 76%) E) 0.46 (- 46%)Economics 3 e) Rate of net investment I= 120t4 find the total investment K when Ko=35 [value of "t" is not given so the exact value of the total investment is not mandatory.]
- A farmer grows a bushel of wheat and sells it to a miller for $40.00. The miller turns the wheat into rice flour and then sells it to a baker for $70.00. The baker uses the flour to bake bread and sells the bread to a Musician for $150.00. The Musician brought home the bread and ate them with her family. 1.) What is the value-added by each person? 2.) What is the final value included in the gross domestic product? Please provide an explanation. Thank you!When there is a surplus in a market: the Pe will decline in the future. O the Qdx will decline in the future. O the market price is below the Pe. O the Qsx will decrease in the future.Gross National Product (GNP) and Gross Domestic Product (GDP) are used interchangeably to mean the same. TRUE OR FALSE *
- Suppose nominal GDP is S99,000 and the GDP deflator is 110. Real GDP is: A $90,000 B $108,900 C $10,890,0 D $900The GNP of a country is $200 billion, receipts of factor income from the rest of the world are $10 billion, payments of factor income to the rest of the world are $30 billion, and depreciation is $25 billion. What is the GDP and the Net National Product?+ Given below is the values of an ABC economy for the year 2020. COMPONENTS OF GDP Personal consumption expenditures (C) 10,100 Gross private domestic investment (1) 1,600 Government consumption and gross investment (G) Net exports (EX – IM) ? 300 Durable goods 1,000 Nondurable goods ? Services 6,800 Nonresidential 1,300 Residential ? Change in business inventories -100 Federal 1,100 State and local 1,700 Exports (EX) 1,900 Imports (IM) ? Gross domestic product 1. You are required to calculate GDP for the year 2020 for ABC economy using the expenditure method.
