a. What is the Gross Farm Income? b. What is the Net Farm Income?

Q: What is the procedure for calculating net income?

A: The net income is also known as net profit. The net income implies the amount which is left over…

Q: Example 8. Calculate Factor Income to abroad. Particulars in crores (1) GNP at MP 4,500 ()…

A: We need to calculate the value of factor income to abroad.  We know that factor income to abroad is…

Q: State whether the following statements are true or false, then explain. (a) Buying a Japanese-brand…

A: Gross domestic product refers to the final value of all final goods and services produced in a…

Q: Consider three consumer goods 100 units of Good A, 100 unit base year, Good A sold at a price of $1,…

A: The Consumer Price Index (CPI) is a widely used economic indicator that measures the average change…

Q: If net factor income from abroad is $900 million and the value of national income is $6000 million…

A: The information being provided to us is as follows:- Net factor income from abroad = $900 million…

Q: The following table shows production and prices in 2019 and 2020. Use 2019 as the base year for any…

A: # During a fiscal year, GDP deflator calculates the effect of Inflation during that year on the…

Q: 30. Suppose that the GDP deflator is 150, and nominal GDP is $7.5 billion. What is the real GDP? (A)…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: Using Table 1, calculate the farm-to-retail price spread for fresh beef in 2016 to the nearest whole…

A: In economics, when two commodities are produced, there relative price can be computed to analyze…

Q: In an economic the National savings is 5000 million dollars. While the public saving is dollar 4500.…

A: A country's national savings is the sum of its domestic savings by household and companies as well…

Q: ne day, Barry the Barber, Inc., collects $400 for haircuts. $50 is the cost of operation, which…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first three questions for…

Q: In china, for 2019 the net factor income from abroad is $31000 and NDPFC is $9000 Calculate…

A: The information being given is:- Net factor income from abroad in 2019 = $31,000 NDPFC In 2019 =…

Q: The consumption is $430 and the income is $630  Calculate the APC

A: The information being given is:- Consumption = $430 Income = $630 We have to calculate the value of…

Q: The value of net factor income from abroad is $900 million and the value of national income is $5000…

A: Given: Net factor income from abroad=$900 million National income=$5000 million

Q: An economic variable is any economic measure that a.can vary over a range of values b.has a fixed…

A: Economics is the study of how people and economic agent makes decisions and earn livelihood, given…

Q: What is the difference between the Gross value added and Net value-added ? [A] Value added [B]…

A: Understanding the contrast between Gross Value Added (GVA) and Net Value Added (NVA) is urgent in…

Q: Calculate the value of APC when Consumption is $315 and the value of income is $850

A: # The value of APC is given as:- APC = Consumption/Income

Q: The term National income refers to the? (A) total employment (B) total unemployment (C) global…

A: National income is a vital financial idea that gives insight into a country's generally speaking…

Q: A price is a statement of average prices relative to a base year value of a. deflator; 100 b. index;…

A: In economics, the concept of measuring and comparing price changes over time is essential for…