Gross Domestic Product at current prices for each quarter.

Q: what was the gdp and gnp of the united states in 2000

A: 10,252.3 billion U.S dollars was the GDP of united states in 2000.

Q: Define the following terms showing how they are calculated: Gross Domestic Product Gross Domestic…

A: Macroeconomic variables: Macroeconomics is a branch of economics concerned with the study of an…

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: Find the value of national income if the domestic income is $130 and the net factor income from…

A: Initially in the question Domestic income is = $130 Net factor income from abroad is = $53 National…

Q: The Gross domestic product at market price is 414 million and the net factor income from abroad is…

A: Generally in the given question, The gross Domestic product at market price is valued at = 414…

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: What is the effect that changes in business taxes, personal income, and transfer payments have on a…

A: GDP is the measure of the total value of services and goods produced within an economy during a…

Q: the components of gdp

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Calculate the value added by the firm if it is give that domestic sales of firm is $9000 , exports…

A: The data presented in the question is as:- Domestic sales = $9000 Exports = $3300 Purchase made by…

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 accounts for the U.S. for 2005   billions of dollars billions of chained (2000)…

A: Nominal GDP and real GDP are two different methods of GDP calculation.

Q: Firms Households Markets for Factors of Production

A: Household is the supplier of factor of production, i.e., labor and capital Firm is the buyer of…

Q: Residents of several European countries spend less time working and more time on leisure activities…

A: The money value of all the goods and services produced in a country in a given period of time is…

Q: Which of the following goods would be included in the calculation c gross domestic product? Steel…

A: Gross domestic product (GDP) is the total value of goods and services that are produced domestically…

Q: Gross domestic product measured in terms of the prices of a fixed, or base, year is O a nominal GDP…

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

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: Value of the final goods and services produced in a given year corrected for inflation in order to…

A: Base year prices are P0 and current year prices are P1.  The volume of total final goods and…

Q: Gross Domestic Product  If nominal GDP in 2005 was $13095.4 billion and the GDP deflator (price…

A: Nominal GDP in 2005 = $13095.4 billion GDP deflator = 100  Nominal GDP includes both the growth and…

Q: Proprietors' income Based on the data table, personal income is equal to $ 328 Based on the data…

A: Disposable income is total personal income minus current income taxes. In national accounts…

Q: A country’s private consumption is 30, government spending is 7, investment is 5, net factor income…

A: Gross national income (GNI) measures the country's economic performance and it calculated by adding…

Q: Describe the national income and product accounts (NIPA).

A: GDP is an important indicator of a country's economic health, as it reflects the size of its economy…

Q: base on the table given calculate the gross domestic product at current prices for each quarter

A: Gross domestic product is the sum total of money value of goods and services produced in an economy…

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: If net exports is 0 and imports are $70 million What is the value of exports

A: The information given is:- Net exports = 0 Imports = $70 million We have to calculate Exports

Q: Identify the statement that describes the Gross Domestic Product of a country. a. All goods and…

A: Gross Domestic Product GDP by its name suggests that the output that is domestically produced within…

Q: Please describe the effect that changes in business taxes, personal income, and transfer payments…

A: Modifications in business taxes, personal income, and switch payments may have big results on a…

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: Calculate the national income for 2021 if the national domestic product at factor cost is $6500…

A: The information being given is:- National domestic product at factor cost = $6500 million Net factor…

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: YEAR QUANTITY PRODUCED PRICE PER UNIT 2015 100 R 35 000 2016 95 R 40 000 2017 108 R 43 000 Calculate…

A: Nominal GDP is measured using market value of goods and services in the current period whereas real…

Q: Value of the final goods and services produced in a given year valued at that year's prices A.…

A: Growth in economic parameters happens when the final value of the output of goods and services…

Q: Value added by firm A is $2300 million Calculate the value of domestic sales if exports of firm is…

A: The given information is as follows:- Value added by firm = $2300 Million Exports of the firm = $750…

Q: The gross domestic product (GDP) is looking at the total production of goods and services that are…

A: Introduction The gross domestic product (GDP) is looking at the total production of goods and…

Q: How might you calculate GDP for schools? What products would you include? Which ones would you…

A: The Gross Domestic Product (GDP) is basically refers to the sum of all value contributed in a given…

Q: Name the two ways of measuring the national income accounts

A: National income can be measured in three ways that is product method or value-added method, income…

Q: Why the following are not counted in the GDP.intermediate goods,transfer payments, used goods ,non…

A: Intermediate goods are excluded since GDP measures the value of final goods only. Inclusion of…

Q: What component of the GDP (Gross Domestic Product) would you classify a product or service Microsoft…

A: Gross domestic product", or GDP, is the total value of all finished services and goods generated…

Q: Name some of the services, if any, you produced at home that do get counted in GDP. Are there any…

A: In an economy, GDP is used as an economic tool to measure the national income in terms of goods and…

Q: In an economy, Nominal GDP for year 2005 (base year = 1996) is $60 billion and the GDP deflator 2005…

A: Real GDP shows the monetary value of all finished goods and services within an economy at constant…

Q: Compensation of employees U.S. exports of goods and services Consumption of fixed capital Government…

A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Q: Expenditure on free services provided by the government is a part of national income  True/False

A: # Expenditure on free service by the Government represents government expenditure and is counted…

Q: Gross Domestic Product  If nominal GDP in 1975 was $1699.9 billion and the GDP deflator (price…

A: The real GDP is the market value of all final goods and services produced in an economy during an…