Hence, the Nominal growth of domestic product is 1,43,45,679.01 | The calculation of GDP for that yearB. 125C. The consumption of fixed capitalC.

$6,400 billion, (The following national income data are in billions of dollars. $940 billionC.

40 Readential Pd Investment Ivory Investent Depreciation of Capal Govenment Purchese 60 No idea 1 know it Think so … Gross Investment in Year 1 will be = 11111111.11, Gross Investment in Year 2 will be – 12345679.01.

Refer to the above data. Expenditures in Casto (in billions of dollars ) Submit Durable Goods $120 Nondurable Goods 180 Services 250 Nonresidential Fixed Investment 140 Do you know the answer? Refer to the above table.

Nominal GDP must be inflated in each year before 2000 to determine real GDP, 36.

Further, Nominal GDP also encompasses inflation in it. The purchase of shares of stock by Fidelity, a mutual fund companyD. Therefore, the calculation of nominal growth domestic product can be done as follows, = 50,00,000 + 62,50,000 + 59,37,500 + (48,40,000 – 44,00,000), Nominal growth domestic product will be –, Nominal growth domestic product =  17627500, Hence, the Nominal growth domestic product of the country is  1,76,27,500. KPL is a developing country, the statistic department provides you with the below information, you are required to compute the nominal GDP of the country. 2009=100) View desktop site, Consider the information provided in the table about the The value of nominal GDP in Casto is $ billion. You may learn more about macroeconomics from the following articles –, Copyright © 2020. Intermediate goods and services should be countedC.

economy of Casto. Therefore, the calculation of nominal growth domestic product can be done as follows, = 50,00,000 + 62,50,000 + 59,37,500 + (48,40,000 – 44,00,000) Nominal growth domestic product will be – Nominal growth do… - $47 billionC. Real GDP tells: Nominal GDP is an assessment of economic production in an economy but includes the current prices of goods and services in its calculation.

Government purchasesB. ), 22.

The GDP deflator in the base year is always equal to 100. Adding the market value of all final and intermediate goods and services in an economy in a given year would result in: A. Calculate the nominal GDP for the USA for the year 2018 based on the above table. The government of St. Marteen has self-declared itself as a different country and has separated itself with the conglomerate. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. The Nominal growth domestic product takes into account the current prices along with growth when compared to the previous year’s GDP.

Therefore, the calculation of nominal GDP for the current year can be done as follows, =1100000000+420000000+5100000000+2575000000-667500000, Nominal growth domestic product for the current year will be –, Nominal growth domestic product = 8527500000. Real GDP is greater than nominal GDP C. GDP tends to understate social welfare D. GDP tends to overstate social welfare 39. Decrease it by $75 billionB. $6,080 billionB. Khan Academy is a 501(c)(3) nonprofit organization. Therefore, the country produced goods and services that worth nominal GDP of $24 trillion during the year. Step 2: Next, determine the gross investment of the country which includes all the capital investmentmade within the econ… Use Tab or take the cursor to the next cell.) $1,500D. A calculator purchased by a college student for taking examsB. $169 billionB. We first need to gross investment which can be calculated as 10,000,000 / (0.9 * 0.9) =  1,23,45,679.01 as it has been amortize for 2 years at rate of 10%.

The more ___ that is available to its workers, the more productive a nation will be. Nominal GDP is an assessment of economic production in an economy but includes the current prices of goods and services in its calculation.

All intermediate goods and services produced in an economy in a given yearD. The Prime Minister wants to gauge his performance as how the nation has been doing economically and in an overall growth perspective. Personal consumption expendituresC. Consider the information provided in the table about the The value of nominal GDP in Casto is $ billion. The sale of government bonds by the nation's central bank, 10. The formula for nominal GDP can be derived by the addition of private consumption, gross investment, government investment, and exports minus imports. GDP tends to underestimate the productive activity in the economy because it excludes: A.

An amount less than GDP for that yearD. Real GDP per capita is the same as, real GDP per person.



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