Question: Answer the following questions Why the intermediate goods are not included in measuring GDP? Measure GDP and NDP from the following data: Consumption Expenditure$ 28,000

Answer the following questions

  1. Why the intermediate goods are not included in measuring GDP?
  2. Measure GDP and NDP from the following data:

Consumption Expenditure$ 28,000

Government Expenditure$ 15,000

Investment Expenditure$ 14,000

Exports$ 9.840

Imports$ 8,640

Depreciations$ 1,340

Retained Earnings$ 1,150

Indirect Business Taxes$ 950

3. Calculate unemployment rate if adult population of the nation is 800 people of which 430 people are working and 20 are looking for working.

4. Calculate the inflation rate from 2019 to 2020 if the index number in 2019 was 120 and increased to 124 in 2020.

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