QUESTION 7 The basket of goods and services used to estimate the 1991 GDP deflator will be the same as the one used to estimate the 2021 GDP deflator. Yes No
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Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers…
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- Why must you avoid double counting when measuring GDP?If Nominal GNP is 20,000 and Real GNP Is 16000 Calculate GNP deflatorThe link between gross domestic product (GDP) and national income (NI) isSelect one from the following options. A)indirect business taxes, net foreign factor income, savings B)indirect business taxes, profit, investment C)indirect business taxes, net foreign factor income, consumption of fixed capital D)indirect business taxes, net foreign factor income, investment
- What is the value of Laspeyres Price Index and Paasche Price Index of india quarterly from 2011 to 2020 s.o that i can estimate india gdp more accuratelyIf exports and imports is US are $450 mil- lion and $380 million respectively Calculate the value of net exportsGDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal income
- Calculate (a) GDP using the expenditure and (b) value added (industrial origin ) approaches. Calculate GNP. Agriculture, Fishery and Forestry 2000 Exports of Goods and Services 12000 Government Consumption Expenditure 1000 Gross Domestic Capital Formation 2000 Industry 3000 Imports of Goods and Services 12000 Net Factor Income from ROW 500 Personal Consumption Expenditures 7500 Services 5000 Statistical Discrepancy -500Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table to measure the consumer price indexfor 2019, 2020 and 2021 respectively.Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domesticproduct (GDP). Explain, with the aid of an equation, the components of the consumptionfunction.Can there be a condition where the value of real gross domestic product becomes equal to the nominal GDP. (b) What will be the GDP deflator in such case?
- The net national product (NNP) is the: A. difference between gross domestic product and net income of foreigners. B. difference between gross domestic product and depreciation. C. difference between gross national product and depreciation D. sum of gross domestic product and depreciation E. sum of gross domestic product indirect business taxesin table plzzFrom the following data, calculate national income by value added (net output) method (Rs. In crores) Gross value of output at market prices 18000 Value of intermediate consumption 5500 Depreciation 1500 Indirect taxes 800 Subsidies 100 Net factor income from abroad -250