Based on Gross Domestic Product, discuss how increasing the labour force participation rate of female is expected to affect the Gross Domestic Product of a country

Q: Calculate national income if NDPFC is $2300 million and net factor income from abroad is $500…

A: According to the above given question, the values given are:- NDPFC = $2300 million Net factor…

Q: What was the Gross Domestic Product ( GDP) of the U.S. from 2017-2022?

A: GDP stand for the gross domestic product which include some of all market value of total goods and…

Q: Calculate domestic income when national income is $23,000 and net factor income from abroad is $6600

A: The data presented in the question above is:- National income = $23,000  Net factor income from…

Q: Explain briefly. Growth Rate of Gross National Product (GNP)

A: Gross domestic product (GDP) is the all out financial or market worth of the relative multitude of…

Q: The GNP of a country is $200 billion, receipts of factor income from the rest of the world are $10…

A: GDP is the gross domestic product. GDP is defined as the market value of all the final goods and…

Q: Explain why per capita real gross domestic product (GDP) is a better measure of a nation's standard…

A: Standard of living:- A country's or nation's standard of living is a representation of the country's…

Q: Explain what a constant labor share of national income implies about the relationship between the…

A: Labor productivity is an idea used to gauge the laborer's effectiveness. It is determined as the…

Q: what is Value Added at Producer Price and Value Added at Purchaser Price.  How are they calculated

A: Value-added at producer price: The producer's prices are the prices which are received by the…

Q: National income is $29,000 and net factor income from abroad is $16,000 Calculate NDPFC

A: * SOLUTION :-  * Given that National income (NNPfc) = $29000 Net factor income from abroad = $16000…

Q: If national income is $5,000 billion, compensation of employees is $2,105 billion, proprietor’s…

A: National income: - national income is the market value of all final goods and services produced in…

Q: Why does gross domestic product measure the final value of goods and services produced in a country…

A: Final goods are those goods standard measure of the value-added created by the production of goods…

Q: discuss possible variations in purchasing power due to price and income changes

A: The consumer or the individual would result in consuming various amounts of goods and services given…

Q: If receipts of factor income from the rest of the world exceed payments of factor income to the rest…

A: Factor income: It means the income received from the factors of production.

Q: What is the formula for the NET DOMESTIC PRODUCT In the economic HELP

A: In an economy, domestic product refers to the total output generated or produced within the economic…

Q: National income is given to be as $20,000 million, the value of NDPFC Is $17,000 Calculate net…

A: The given information is as follows:- National income = $20,000 National domestic product at factor…

Q: Gross Domestic Product represents...

A: The standard measurement of the value added produced via the production of both goods and services…

Q: Define gross national income (GNI)?

A: There are many factors to measure the economic growth and development of a country. Gross national…

Q: Difference between national income, GNP, NNP?

A: The National Income is a sum total of factor incomes earned and received within the domestic…

Q: The participation of women in the Gambian labor force has risen dramatically since 2000. How do you…

A: 1. The participation of women in the Gambian labor force has risen dramatically since 2000 which…

Q: f National income is given to be as $22,000 and net factor income from abroad is $19,000 Calculate…

A: here we calculate the NDPfc by using the given information so the calculation of the following by…

Q: Define the following i. Gross Domestic Product ii. GDP Deflator iii. National Income iv. Autonomous…

A: A charge for products or services made with money or credit is referred to as an expense.

Q: Using the information from Problem 1 about the economy of Fruitopia, compute chain-weighted real GDP…

A: The quantity and prices of goods produced in the firm are given. We have to calculate the…

Q: What describes as Gross Domestic Product of a country?

A: The theory of GDP was developed by an American economist named Simon Kuznets in 1934 and is…

Q: If the nominal GDP is stated as 190 and the Real GNP is 10 find the GNP deflator

A: Basically in easy language we can say that the GNP deflator is considered to be as that price index…

Q: GDP is equivalent to: Consumption Price Level Inflation Investment Real Income

A: The GDP measures the total spending on final durable goods and non-durable goods, and services…

Q: Gross Private Domestic Investment $ 1,593 Personal Taxes 1,113 Transfer Payments 1,683 Taxes on…

A: The profits which depict the money that is being left after payment of all of its expenses is being…

Q: R millions Consumption Expenditure 138 Investment expenditure 98

A: National revenue refers to the amount of goods and services produced by a country in a financial…

Q: Is gross domestic product a reliable indicator of a nation's economic wealth? What might be a better…

A: The GDP is the  value of all  services and goods that are produced in an economy over a certain time…

Q: what is the value added of the service sector in 2019?

A: As economies and societies developed, the study of economics got more complicated, and hence was…

Q: Explain the concepts Gross national product, Net national product, National income and Disposable…

A: The worth of a country's finished domestic products and services during a certain time period is…

Q: Distinguish between Gross Domestic Product (GDP) and Gross National Product (GNP). What are the…

A: National Income at Current Price: The commodities produced in a country during a particular period…