Question: Please answer the following 1. Why the intermediate goods are not included in measuring GDP? (2 points) 2. Measure GDP and NDP from the following

Please answer the following

Please answer the following 1. Why the intermediate goods are not included

1. Why the intermediate goods are not included in measuring GDP? (2 points) 2. Measure GDP and NDP from the following data: (6 points) Consumption Expenditure $ 20,000 Government Expenditure $ 12,000 Investment Expenditure $ 11,000 Exports $ 9.640 Imports $ 8,750 Depreciations $ 1,140 Retained Earnings $ 1,150 Indirect Business Taxes 83 950 3. Calculate unemployment rate if adult population of the nation is 500 people of which 420 people are working and 30 are looking for working. (4 points) 4. Calculate the inflation rate from 2019 to 2020 if the index number in 2019 was 145 and increased to 158 in 2020. (3 points) 5. (15 points) Consumption Yd Expenditure $ 0 $ 8,000 $10,000 $14,000 $ 20,000 $ 20,000 $ 30,000 $ 26,000 $ 40,000 $ 32,000 $ 50,000 $ 38,000 a. Determine break-even level of income b. Determine autonomous consumption 0. If your income level were $50,000, how much would you save? d. Calculate MPC, MP5, and Multiplier e. Calculate equilibrium level of income if autonomous Investment of $4,000, Government expenditure of $6,000, and Net Exports of $2,000 were made

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!