R millions Consumption Expenditure 138 Investment expenditure 98

Q: In an economy:- National income is $10,000 million and net factor income from abroad is $6700…

A: The information being given to us is as follows:- National Income = $10,000 million Net factor…

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 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: 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: Calculate the value of APC when the value of consumption is 300 and income is 700

A: # We know that the average propensity to consume is given by the formula:- APC = C/Y Which is 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: The value of the nominal GNP of economy was $ 6000 in a particular year. The value of the GNP of…

A: The GNP order the gross national product is the value of final goods and services that are produced…

Q: Find the value of national income of Austria if the net domestic product at factor cost in Austria…

A: The information being given to us is as follows:- Net domestic product at factor cost = $96 million…

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: 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: Calculate (a). The Gross national income at factor cost (b). Net national income

A: A)   Gross National Income at factor cost -:…

Q: The total market value of all final goods and services produced within a given period by factors of…

A: Factors of production: - The inputs that are used to produce goods and services known as the factors…

Q: Calculate NDPFC if :- National Income = $23,000 Net factor income from abroad = $12,000

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

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: What is the contribution to GDP?

A: In this case both the sold and unsold bicycle considered for gdp calculation. Unsold one are…

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: Net National Product at Factor Cost of a particular country in a year is Rs 1,900 crores. There are…

A: NNPfc = Rs. 1900 crores PDI = Rs.1200 crores Personal income tax = Rs.600 crores Value of retained…

Q: explain how gross product is calculates using the income approach

A: Gross domestic product is sum of value of all the goods and services that are produced in a country…

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: The American Airline purchased an airplane from a Chinese company for $60M. What is the contribution…

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

Q: What is national income (NI)? What does NI measure?

A: "The market value of goods and services produced within an economy, in an specified period of time"…

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: The table below shows the data for the country of Magnolia. Complete the national income accounting…

A: National income accounting refers to the government bookkeeping system which is a measure for a…

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: If the nominal GDP is $118 current price index is $112 find the real GDP

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

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: List five limitations of GDP as a measurement of social welfare.

A: GDP or Gross Domestic Product is the total accounted value of all the goods and services produced in…

Q: What is the measure of the income earned by owners of resources used in making final goods and…

A: Income alludes to the money or profit that an individual, household, business, or association gets…

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: Define gross national income (GNI)?

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

Q: The GNP deflator is 188 and Real GNP is $12,500 Calculate Nominal GNP

A: The information being given is:- GNP deflator = 188 Real GNP = $12,500 Nominal GNP = ?

Q: be included in the calculation of national income?

A: National income can be defined as the value of all the goods and services produced by a country in a…

Q: Purchase of electricity by a family is:   a. not counted in GDP   b. counted as part of net…

A: Electricity is consumed normally by people just as they consume other goods. Consumer have to pay…

Q: What are intermediate goods? Why do economists exclude the value of intermediate goods while…

A: Intermediate goods, producer goods or semi-completed products are goods, like mostly completed…

Q: Canadians living and working outside Canda must report their income for the purpose of calculating:…

A: Regardless of where the country's sources of production are located, the GNP calculates the monetary…

Q: Explain how gross domestic product is calculated using each of the following: the income approach…

A: Gross Domestic Product ( GDP ) refers to the market value of the final goods and services produced…

Q: What is meant by domestic income

A: Domestic income is one of broad measures of national income which is known with the name net…

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: Say the GDP of a country is $100. To this foreign nationals' contribution is $5. Government gives $2…

A: Personal Income = National Income – Indirect business taxes – Corporate income taxes – Undistributed…