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QUESTION 1 In the table below, you are given data for the country of Rubina. Show your work for your calculations. Exports 152 Government spending
QUESTION 1 In the table below, you are given data for the country of Rubina. Show your work for your calculations. Exports 152 Government spending 212 Consumption 460 Imports 128 Gross investment 134 Net foreign factor income -28 Depreciation 70 Indirect taxes 86 a. What is the value of GDP at market prices? b. What is the value of NDP at basic prices? c. What is the value of net national product at basic prices (Le. national income)?The table below shows some of the national income accounts for the economy of Elmwood (all figures are in billions of dollars). Personal income taxes 200 Indirect taxes (net of subsidies) 170 Corporate profit taxes 50 Exports 55 Government spending on goods and services 270 Disposable income 850 Personal savings 110 Imports 90 Compensation of employees 650 Investment (net) 80 Net foreign factor incomes 15 Gross operating surplus 130 Transfer payments 170 Depreciation 70 Taxes less subsidies on production 90 Other income not paid out 20 From this information, calculate the value of a. Consumption b. Net exports c. Gross investment d. GDP at market prices e. Gross mixed income f. NOP at basic prices g. National income h. Personal incomeThe economy of Wiggin produces only two products, prowin bars and snowboards In 2019 it produced 24 million protein bars and 106,000 snowboards, In 2020, production of protein bars rope to 26 million, and snowboards to 117 000 a. If the price of protein bars rose from $2 30 to $2: 60 over this period. while the price of snowboards rose from $250 to $209, Ad In the table below. Round your answers to two decimal places. 2019 2020 Quantity Nominal GOPS Quantity Price (3) Nominal GDP () Price (3) Real GOP IN Protein bars million million million Snowboards million million million Total miton million b. What is the value of nominal GDP for Wigg'n in 2019, and, what are the values of its nominal and real GOP in 20207
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