The following data for a hypothetical country in millions of dollars for the year 2020. Depreciation =200, Exports =150, public transfer =200, Gross domestic private investment =300, corporate income tax =100, factor receipts from abroad =400, gevenment expenditure on goods and services =250, interest income =800, compensation of employees =2600, net interest on government debit =50, indirect business taxes =100, factor payments to abroad =200, imports =200, proprietors incom(profits) =700, retained corporate profit =200, personal consumption expenditure =4500, personal taxes =100, social security contribution =50, rental income =600. A. Calculate the gross domestic product of the country I. Using the expenditure approach II. Using the income approach B, Calculate the gross nationalproduct of the country. C, calculate the real GDP of the nation if the price index for the year is 111. and calculate the nations growth rate lf the real GDP for the year 2019 is 4000.
The following data for a hypothetical country in millions of dollars for the year 2020.
A. Calculate the
B, Calculate the gross nationalproduct of the country.
C, calculate the real GDP of the nation if the price index for the year is 111. and calculate the nations growth rate lf the real GDP for the year 2019 is 4000.
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