1. The table below shows hypothetical data on indicators for estimating National Income Accounts.Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross NationalIncome (GNI) by Final Expenditure Approach and Factor Income Approach.Amount in Billion PesosIndicator20192020Interest Income300350WagesGross Private Investment134225248370DepreciationBusiness profits7285400480Indirect business taxes148180Rental IncomeExportsImportsNet foreign factor incomeHousehold consumptionGovernment expendituresConsumer Price Index (2018=100)15025052701625312400608735312420112125а.Nominal GDP by Final Expenditure Approach for 2019 and 2020b. Nominal GDP by Factor Income Approach for 2019 and 2020С.Nominal GNI for 2019 and 2020d. Real GDP for 2019 and 2020е.Real GNI for 2019 and 2020f.Nominal GDP growth rate from 2019 to 2020g.Real GNI growth rate from 2019 to 2020h. Inflation rate from 2019 to 2020

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1. The table below shows hypothetical data on indicators for estimating National Income Accounts. Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross National Income (GNI) by Final Expenditure Approach and Factor Income Approach. Amount in Billion Pesos Indicator 2019 2020 Interest Income 300 350 Wages Gross Private Investment 134 225 248 370 Depreciation Business profits Indirect business taxes 72 85 400 480 148 180 Rental Income 150 52 250 Exports Imports Net foreign factor income Household consumption Government expenditures Consumer Price Index (2018=100) 70 16 25 312 400 608 735 312 420 112 125 a. Nominal GDP by Final Expenditure Approach for 2019 and 2020 b. Nominal GDP by Factor Income Approach for 2019 and 2020 С. Nominal GNI for 2019 and 2020

1. The table below shows hypothetical data on indicators for estimating National Income Accounts. Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross National Income (GNI) by Final Expenditure Approach and Factor Income Approach. Amount in Billion Pesos Indicator 2019 2020 Interest Income 300 350 Wages Gross Private Investment 134 225 248 370 Depreciation Business profits Indirect business taxes 72 85 400 480 148 180 Rental Income 150 52 250 Exports Imports Net foreign factor income Household consumption Government expenditures Consumer Price Index (2018=100) 70 16 25 312 400 608 735 312 420 112 125 a. Nominal GDP by Final Expenditure Approach for 2019 and 2020 b. Nominal GDP by Factor Income Approach for 2019 and 2020 С. Nominal GNI for 2019 and 2020

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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1. The table below shows hypothetical data on indicators for estimating National Income Accounts.
Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross National
Income (GNI) by Final Expenditure Approach and Factor Income Approach.
Amount in Billion Pesos
Indicator
2019
2020
Interest Income
300
350
Wages
Gross Private Investment
134
225
248
370
Depreciation
Business profits
72
85
400
480
Indirect business taxes
148
180
Rental Income
Exports
Imports
Net foreign factor income
Household consumption
Government expenditures
Consumer Price Index (2018=100)
150
250
52
70
16
25
312
400
608
735
312
420
112
125
а.
Nominal GDP by Final Expenditure Approach for 2019 and 2020
b. Nominal GDP by Factor Income Approach for 2019 and 2020
С.
Nominal GNI for 2019 and 2020
d. Real GDP for 2019 and 2020
е.
Real GNI for 2019 and 2020
f.
Nominal GDP growth rate from 2019 to 2020
g.
Real GNI growth rate from 2019 to 2020
h. Inflation rate from 2019 to 2020

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