The table below sets out some data for Country X in 2007.
(in billions of dollars)
Consumption expenditure 289
Government expenditure 99
Interest and investment income 33
Profit of corporations and
government enterprises 65
Income from farms and
unincorporated businesses 40
Gross investment 146
Wages, salaries, and supplementary
labor income 275
Capital consumption allowance 60
Indirect taxes less subsidies 75
a. Calculate net exports.
b. Use the expenditure approach to calculate GDP.
c. Use the income approach to calculate GDP.
d. Calculate net domestic product (at factor cost).
e. Calculate net domestic income (at market price).© BrainMass Inc. brainmass.com October 25, 2018, 8:20 am ad1c9bdddf
net exports = exports - imports
net exports = 36 - 22 = 14 billion
The solution determines the GDP and NDP.
Calculating the GDP, NDP, GNP, NI etc from a data set
Consider the national income and output data listed:
1)Personal Consumption Expenditure= 1491
2)Transfer Payments 274
5)Gross Fixed Investment-378
6)Fed. State Local Govts' Purchases-354
7)Changes in Bus.Inventories-26
8)Interest Paid To Institutions-176
11)Personal Income Taxes-514
12)Indirect Bus. Taxes-177
13)Net Factor Income from abroad-minus 5
14) Corp.Profit Taxes-110
15) SS Contributions 95
**Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.View Full Posting Details