Get Instant Help From 5000+ Experts For
question

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing:Proofread your work by experts and improve grade at Lowest cost

And Improve Your Grades
myassignmenthelp.com
loader
Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Attach file

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!
Free Quote
wave
Expenditure-based GDP Calculation

  1. The table below is the data for an economy

ITEM

Value ($ millions)

Wages & Salaries

2,000

Household Final Consumption

1,200

Consumption of Fixed Capital (Depreciation)

     50

Gross Fixed Capital Formation

   200

Exports

     60

Rent

   100

Government Final Consumption

   250

Imports

     50

Corporation Income

   600

Interest & Dividends

     10

Net Income from Farm Production

   300

Show formula and all work. Calculate the Expenditure-based GDP.

  1. The table below is the data for Senecaville

Year

Average Level of Prices ($)

Quantity of Output

2000

15

   650

2010

20

1,000

2020

25

1,500

  1. Calculate the GDP for 2000, 2010, and 2020.
  2. By using 2010 as the base year, what are the price indexes for 2000 and 2020?
  3. By using the price indexes calculated in part b, express GDP in Senecaville for 2000, 2010, and 2020.
  4. Is the economy expanding equally each year? Why or why not?

support
Whatsapp
callback
sales
sales chat
Whatsapp
callback
sales chat
close