61 765
Assignments Done
97,9%
Successfully Done
In May 2018

Answer to Question #43865 in Macroeconomics for ronail

Question #43865
I need a one example of how to calculate GDP NDP PI NI (with numbers , and answer)
Please answer me as fast as possible because tomorrow is my exam
Expert's answer
A) GDP B) NDP C) NI.
All figures are in billions.
1. compensation of employees- $194.2
2. U.S exports of goods and services- $17.8
3. consumption of fixed capital- $11.8
4. governmetn purchases- $59.4
5. taxes on production and imports- $14.4
6. net private domestic investment- $52.1
7. transfer payments- $13.9
8. U.S imports of goods and services- $16.5
9. personal taxes- $40.5
10. net foreign factor income- $2.2
11. personal consumption expenditures- $219.1
12. statistical discrepancy- $0

A)
Expenditure approach:
I = NetInvestment+CapitalConsumption = NetI + CC = 52.1+11.8 = 63.9
GDP = Y = C+I+G+Ex-Im = 219.1+(52.1+11.8) +59.4+17.8-16.5 = 343.7

B)
GDP = NDP + CC
NDP = GDP - CC = 343.7 - 11.8 = 331.9

C)
NI = GNP + SDiscr = GDP+NFI-SDiscr = 331.9+2.2-0 = 334.1
9 is required for disposable income (DI)
7 and 5 are required for personal income (PI)
1 is required to calculate GDP using income method.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions