Explain gdp, Macroeconomics

Assignment Help:

You are given the following information about an economy:

Gross Investment  =                                                         40

Govt. purchases of goods & service =                                   30

GNP    =                                                                         200

X - M =                                                                          -20

Personal Tax =                                                                 60

Govt. transfer =                                                               25

Interest payments from the Govt. to domestic Pvt. Sector =     15

Factor income received from the rest of the would =                7

Factor payment made to rest of would =                                9

Calculate:

a) Consumption

b) GDP

c) Net factor payment from abroad

d) Pvt. Saving

e) Public Saving.

 


Related Discussions:- Explain gdp

Automatic stabilizer, what is automatic stabilizer, example with diagram or...

what is automatic stabilizer, example with diagram or graph please

Aggregate supply in the short run, Aggregate Supply in the Short Run P...

Aggregate Supply in the Short Run Production takes place in business sector on the basis of an expected price for its output. However, costs are incurred in anticipation of sa

Balance of payment, what causes a shift in the balance of payment?

what causes a shift in the balance of payment?

Price to the government of buying unsold units firms, Consider a market whe...

Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 78 - 2PX. Suppose the government imposes a price floor of $35, and agrees to purchase any and all un

What is the malthusian theory on population, If population growth carry on ...

If population growth carry on then there will not be sufficient resources around for everyone this will lead to an event such as famine / war, which will decrease the population.

Tariffs & quotas, the suitability of utilising a policy of tariffs and quot...

the suitability of utilising a policy of tariffs and quotas given the case of perfect competition.

Classical business cycle theory, The rate of interest in the UK also showed...

The rate of interest in the UK also showed very interesting results, to an impulse shock on oil price. The middle left graph from Fig 4.4 shows the results. Initially, in the short

What is trade liberalisation, What is Trade liberalisation Trade liber...

What is Trade liberalisation Trade liberalisation is the removal of barriers to trade. This has mainly taken the form of restrictions created by national governments like quot

Desired aggregate spending, Desired Aggregate Spending Desired aggregat...

Desired Aggregate Spending Desired aggregate spending refers to the volume of purchases of the currently produced goods and services that all spending units in the economy wish

Unemployment, Why do we still have problem of "unemployment" ? How could we...

Why do we still have problem of "unemployment" ? How could we solve the problem? Which one is better fixed or flexible exchange rate of unemployment ?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd