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.)

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Homework Answers

Answer #1

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 = GNP@factor 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

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