Refer to the table below to answer the questions that follow. Statistics South Africa Expenditure on...
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Refer to the table below to answer the questions that follow. Statistics South Africa Expenditure on GDP 2021 at constant 2015 prices (Real 2021 GDP) Final consumption expenditure by households Final consumption expenditure by general government Gross fixed capital formation R million 2 789 996 896 896 624 072 Less change in inventories Exports of goods and services Less Imports of goods and services 1. Briefly explain the difference between Expenditure on GDP (as listed in the table) and Gross Domestic Expenditure. (2 marks). 2. The table states the values are at "constant 2015 prices". What does that mean? (1 mark) 3. Give an alternative term for Gross fixed capital formation. (1 mark) 45 582 1 072 674 1 069 409 4. Use the table to calculate Gross domestic expenditure for South Africa in 2021. Write down your equation first. (2 marks). 5. Use the table to calculate net exports for South Africa in 2021. Write down your equation first. (2 marks). 6. Use the table to calculate Expenditure on GDP for South Africa in 2021. Write down your equation first. (2 marks). Refer to the table below to answer the questions that follow. Statistics South Africa Expenditure on GDP 2021 at constant 2015 prices (Real 2021 GDP) Final consumption expenditure by households Final consumption expenditure by general government Gross fixed capital formation R million 2 789 996 896 896 624 072 Less change in inventories Exports of goods and services Less Imports of goods and services 1. Briefly explain the difference between Expenditure on GDP (as listed in the table) and Gross Domestic Expenditure. (2 marks). 2. The table states the values are at "constant 2015 prices". What does that mean? (1 mark) 3. Give an alternative term for Gross fixed capital formation. (1 mark) 45 582 1 072 674 1 069 409 4. Use the table to calculate Gross domestic expenditure for South Africa in 2021. Write down your equation first. (2 marks). 5. Use the table to calculate net exports for South Africa in 2021. Write down your equation first. (2 marks). 6. Use the table to calculate Expenditure on GDP for South Africa in 2021. Write down your equation first. (2 marks).
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1 Expenditure on GDP includes all final expenditures within the countrys borders while Gross Dom... View the full answer
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078025778
17th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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