Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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what is the value added of the service sector in 2019? refer to the table

Transcribed Image Text:Refer to Table 1(year 2018) and Table 2 (year 2019).
What is the nominal GDP for year 2019?
Table 1. Year 2018
Value-added of agriculture, fishery and forestry sector, in thousands of
A
pesos
1,762,616
B Value-added of industry sector, in thousands of pesos
c Value-added of the service sector, in thousands of pesos
D Household Final Consumption Expenditure, in thousands of pesos
E Gross Domestic Capital Formation, in thousands of pesos
F Exports, in thousands of pesos
G Net Primary Income from the Rest of the World, in thousands of pesos
H CPI (base year: 2012)
I Government Final Consumption Expenditure, in thousands of pesos
J Statistical Discrepancy, in thousands of pesos
5,582,525
10,920,048.47
13,250,084
4,909,105
5,518,573
1,940,973
117.3
2,199,637
50,000.26
Table 1. Year 2019
Value added of agriculture, fishery and forestry sector, in thousands of
A
1,722,211.13
pesos
B Value added of industry sector, in thousands of pesos
C Government Final Consumption Expenditure, in thousands of pesos
D Household Final Consumption Expenditure, in thousands of pesos
E Imports, in thousands of pesos
F Exports, in thousands of pesos
G Statistical Discrepancy, in thousands of pesos
5,887,238
2,444,698
14,288,140
7,858,660
5,530,950
H Growth Rate, Gross Domestic Product at current prices
6.85%
Gross National Product at current prices, in thousands of pesos
21,463,514.52
J CPI (base year: 2012)
K GDP Deflator (base year: 2018)
L Population, 15 years old and over, in thousand persons
120.2
100.76
72,933
M Population, below 15 years old, in thousand persons
28,240
Population, 15 years old and over not included in the labor force, in
N
thousand persons
28, 240
O Labor force employed
94.93%
![Refer to Table 1(year 2018) and Table 2 (year 2019).
What is the value-added of the service sector in 2019?
Table 2: C+D+E+F+G - (A+B)
None of these
Table 2:1+ F-E - (A+B)
(Table1: A) / (Table2: K) *100
O [Table 1: A+B+C) * (1 + Table 2: H) J- (Table 2: A+B)
O (Table 1: A+B+C) / (Table 2: J) *100] - (Table 2: A+B)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F004a591f-eafb-400f-a3e4-7bb972ff1b7c%2Fe406cc81-e61a-4d9d-828c-5225dadb6977%2Fdjtjh1k_processed.png&w=3840&q=75)
Transcribed Image Text:Refer to Table 1(year 2018) and Table 2 (year 2019).
What is the value-added of the service sector in 2019?
Table 2: C+D+E+F+G - (A+B)
None of these
Table 2:1+ F-E - (A+B)
(Table1: A) / (Table2: K) *100
O [Table 1: A+B+C) * (1 + Table 2: H) J- (Table 2: A+B)
O (Table 1: A+B+C) / (Table 2: J) *100] - (Table 2: A+B)
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