Question

# The following national income data are available for a country. All data are in billion dollars....

The following national income data are available for a country. All data are in billion dollars.

 Category Value Residential Investment 110.00 Payments of Factor Income to the rest of the world 50.00 National Income 2,164.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,540.00 Depreciation 66.00 Exports 132.00 Nonresidential Investment 220.00 Receipts of Factor Income from the Rest of the World 80.00 Government Transfer Payment 200.00 Statistical Discrepancy 0.00 Imports 242.00

Using the above information calculate the values of​ GDP, GNP, NNP and Government Consumption and Gross Investment​ (G).

GDP

equals

​\$nothing

billion. ​(Enter your response as an​ integer.)

NNP

equals

​\$nothing

billion. ​(Enter your response as an​ integer.)

GNP

equals

​\$nothing

billion. ​(Enter your response as an​ integer.)

Government Expenditureequals

​\$nothing

billion. ​(Enter your response as an​ integer.)

1) GDP @ factor cost = \$ 2164 billion

as it is already given in the question i.e national income = \$ 2160 billion

2) GNP @ factor cost =

GDP factor cost + Net factor income( receipts from factor income from abroad - payment of factor income to abroad)

\$ [ 2164 + ( 80-50)] billion

\$ 2194 billion

3) NNP@ factor cost = [email protected] cost - Depreciation

= \$ 2194 - 66

= \$ 2128 billion

4) Govt consumption = Govt transfer payments + Non residential investments

= \$ [200 + 220 ]

= \$ 420 billion

5) Gross investment = Residential Investments + Non residential Investments

= \$ [110 + 220 ]

= \$ 330 billion