GNP produces crucial information on manufacturing, savings, investments, employment, production outputs of major companies and other economic variables. If you have an... *Response times vary by subject and question complexity. 3. Use the data below to calculate the following: Gross National Product at Market Price There are three main groups of expenditure household, business, and the government. GNPMP = PFCE + GFCE + GDCF + Net X + NFIA The government applies the GNP information in determining the resident’s total income and making policies about savings and policies. 1700 crores. 70 Median response time is 34 minutes and may be longer for new subjects. 140 the bank’s branches are located in the Indian domestic territory. asked Jun 27, 2018 in Economics by Nisa ( … 2 From the following data calculate National Product at Market Price by i, 2. 80, Step-by-step answers are written by subject experts who are available 24/7. From the following data, calculate National Product at Market Price by (i) income method and (ii) expenditure method: (6 marks) Rs. It includes the salaries of a government employe… 400 Solution for Question Use the data below to calculate the following: Gross National Product at Market Price (i) (ii) Net National Disposable Income Net factor… 100 (a) Meaning: GNP at market price is defined as “the market value of all the final goods and services produced in the domestic territory of a country by normal residents during an accounting year including net factor income from abroad. Will the following be included in domestic factor income of India? 2. 2. Supply: P = 2/3Q + 1. Q5) Explain (a) inflationary gap (b) deflationary gap with the help of a diagram. I = All of a country’s investment on capital equipment, housing etc. a. P = 10 - 2Q and P = 2/3Q + 1 Q: The industry demand is P(y) = 14 – 2y. A: Production Possibility Curve shows different combination of two goods that can be produced in an eco... Q: Determine whether each of the following would cause a shift of the aggregate demand curve, a shift o... A: Aggregate demand curve shows quantity demanded for final goods at different price level. b. Q =... A: Demand: P = 10 - 2Q Calculate “Gross National Product at Market Price” from the Following Data: Concept: Aggregates Related to National Income - Gross National Product (GNP). 50 C = All private consumption/ consumer spending in the economy. Scholarships is a transfer payment because no service is provided in return. (i) Mixed Income of Self Employed The value of which of them can. Gross national product (GNP) is the value of all goods and services made by a country's residents and businesses, regardless of production location. From the following data, calculate National Product at Market Price by, = COE + R + I + P + Mixed I + NFIA + CFC + NIT +, (Income method) = ii + x + xi + ix + i + iv + vi +, 500 + 100 + 150 + 350 + 400 + (-20) + 120 + 100, GNPMP = PFCE + GFCE + GDCF + Net X + NFIA, (Exp. Net Indirect Tax Q7) Define marginal efficiency ofcapital. (Crores) Ans: (i) GNP MP = COE + R + I + P + Mixed I + NFIA + CFC + NIT + (Income method) = ii + x + xi + ix + i + iv + vi + v = 500 + 100 + 150 + 350 + 400 + (-20) + 120 + 100 = Rs. It includes durable goods, non-durable goods, and services. Course Hero is not sponsored or endorsed by any college or university. Q6) Differentiate between full employment equilibrium and under employment. Profit earned by a foreign bank is included in domestic product of India because. Policymakers use this information in preparing policy papers that legislators use to make laws. From the following data calculate (i) Gross National Product at Market Price, and (ii) Net National Disposable Income : asked Jun 27, 2018 in Economics by rubby ( 51.5k points) national income and its related aggregates How does a line shift when, Q4) Bring out the relation between APC and MPC. 3. Corporation Tax By adding all expense we get below equation.Where, 1. Profit earned by a foreign bank from its branches in India. Find answers to questions asked by student like you, Question Use the data below to calculate the following: Gross National Product at Market Price (i) (ii) Net National Disposable Income Net factor income to Abroad Net Current Transfers to Abroad Wages and Salaries Corporation Tax Profit after Corporate Tax |Social Security Contributions by Employers Rent Interest Mixed Income of Self Employed Net Indirect Tax Consumption of Fixed Capital -10 20 400 50 150 50 100 70 300 140 80. (ii) Net National Disposable Income So, it, Profits earned by an Indian company in Singapore is not included in domestic, product of India because company is located outside the economic (domestic), Salaries received by Indians working in American Embassy in India is not, included because the embassy is treated as a part of American domestic territory, Explain the meaning of injections and withdrawals. Net factor income to Abroad Profits earned by a resident of India from his company in Singapore. Gross National Product at Market Price! 50 Also state the condition of. Method) = iii + xii + (vii + vi) + viii + iv. How is this concept in business decisions? Consumption of Fixed Capital Profit after Corporate Tax Rent Questions are typically answered in as fast as 30 minutes.*. Q1) What is the difference between ex- ante investment and ex-post investment? 150 Q9) In India, people spend a high percentage of their income so that APC and MPC. high. The aggrega... Q: If the supply and demand functions are specified as follows : G = All of the country’s government spending. After the 10 year, the amount is kept in the account for ot... A: According to the question given that the domestic interest rate and foreign interest rates are 5% an... Q: Define and explain the relationship between total utility, marginal utility, and the law of diminish... A: Law of diminishing marginal utility states as other factors are constant, rise in consumption will l... Q: Why is collusion or coordination (such as cartels) not prevalent in the United States and other deve... A: The collusion or coordination in the market is illegal under the antitrust law in the united states ... Q: You can spend spring break either working at home for $80 per day for five days or go to Guam for th... A: The opportunity cost is the value of the next best alternative. There are two firms with cost functions C1(y1) = 0 and C2(y2)... A: "Since you have asked multiple questions, we will answer only first question for you. 300 Yet the value of multiplier is low. 0 CBSE CBSE (Arts) Class 12 Wages and Salaries Net Current Transfers to Abroad Salaries received by Indians working in American Embassy in India. Interest This preview shows page 30 - 32 out of 41 pages. Whenever demand increases, there is, increasing pressure of demand on the existing output rather than the. A: Time period (n) for deposit is 10 years. India lack in production capacity. Give. From the following data calculate, Gross National Product at Factor Cost by (i) Income Method, and (ii) Expenditure Method. -10 Q2) What do you understand by parametric shift of a line? 20 the following question in the image provided, Question 1700 crores. Scholarships given by Government of India.

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