Section 1 GDP expenditure and income calculations Here are two tables of the different indicators used in the calculation of the GDP of the imaginary country KvQ 1 For 2015 and 2016, calculate GDP using the expenditure and income methods Leave traces of your calculations by using the codes on the left column EX A B S D F G 345 Formula using codes Result for 2015 Result for 2016 GDP expenditure GDP income If necessary, calculate the statistical discrepancy to get a final GDP number and leave traces of your calculations If not necessary, leave this question blank Calculation for 2015 Calculation for 2016 Statistical discrepancy Final GDP number Regarding cross sectional analysis, calculate estimations for the two measurements asked in the table Leave traces of your calculations 2015 2016 Weight of all spending in capital goods and services (do not include inventories) Weight of Small and Medium Enterprises in GDP Calculate the following indicators and leave traces of your calculations Real GDP in 2015 Real GDP in 2016 Year growth rate in 2016 Year inflation in 2016 Annual inflation in 2016 as measured by the CPI was 1 00 Compare this percentage you found in the previous question and answer why are these two numbers different Explain the difference between nominal and real GDP In your argument, you should use the word scale of measurement Code 2015 2016 B 289 70 304 20 295 80 312 50 23 90 24 40 58 00 D E 59 40 33 50 GDP deflator Deflator 2015 120 2016 114 32 30 F Table 1 Values expressed in current dollars Importations Worker's compensations Gross fixed capital formation of central government Gross mixed revenue Taxes les subsidies on production Gross fixed capital formation of NPISH Haussbald sensumstien Gross operating surplus NPISH sensumption Central government consumption Gross fixed capital formation of enterprises Taxes les subsidies on products Investment in inventories Exportations 0 70 0 70 H 1 J 339 137 90 9 50 135 50 87 50 350 70 141 30 9 60 139 10 K 90 60 L M N 44 80 3 70 267 10 45 30 1 40 271 30 Code 2015 2016 B 289 70 304 20 295 80 312 50 23 90 24 40 58 00 D E 59 40 33 50 GDP deflator Deflator 2015 120 2016 114 32 30 F Table 1 Values expressed in current dollars Importations Worker's compensations Gross fixed capital formation of central government Gross mixed revenue Taxes les subsidies on production Gross fixed capital formation of NPISH Haussbald sensumstien Gross operating surplus NPISH sensumption Central government consumption Gross fixed capital formation of enterprises Taxes les subsidies on products Investment in inventories Exportations 0 70 0 70 H 1 J 339 137 90 9 50 135 50 87 50 350 70 141 30 9 60 139 10 K 90 60 L M N 44 80 3 70 267 10 45 30 1 40 271 30

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Section 1: GDP expenditure and income calculations. Here are two tables of the different indicators used in the calculation of the GDP of the imaginary

Section 1: GDP expenditure and income calculations.

Here are two tables of the different indicators used in the calculation of the GDP of the imaginary country KvQ

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1. For 2015 and 2016, calculate GDP using the expenditure and income methods. Leave traces of your calculations by using the codes on the left column EX: A+B+S+D+F+G=345.

	Formula using codes	Result for 2015	Result for 2016
GDP expenditure
GDP income

If necessary, calculate the statistical discrepancy to get a final GDP number and leave traces of your calculations. If not necessary, leave this question blank

	Calculation for 2015	Calculation for 2016
Statistical discrepancy
Final GDP number

Regarding cross -sectional analysis, calculate estimations for the two measurements asked in the table. Leave traces of your calculations.

	2015	2016
Weight of all spending in capital goods and services (do not include inventories)
Weight of Small and Medium Enterprises in GDP

Calculate the following indicators and leave traces of your calculations.

Real GDP in 2015

Real GDP in 2016

Year growth rate in 2016

Year inflation in 2016

Annual inflation in 2016 as measured by the CPI was -1.00%. Compare this percentage you found in the previous question and answer: why are these two numbers different?
Explain the difference between nominal and real GDP. In your argument, you should use the word scale of measurement.

Code 2015 2016 B 289.70 304.20 295.80 312.50 23.90 24.40 58.00 D E 59.40 33.50 GDP deflator Deflator 2015 120 2016 114 32.30 F Table 1: Values expressed in current dollars. Importations Worker's compensations Gross fixed capital formation of central government Gross mixed revenue Taxes les subsidies on production Gross fixed capital formation of NPISH Haussbald sensumstien Gross operating surplus NPISH sensumption Central government consumption Gross fixed capital formation of enterprises Taxes les subsidies on products Investment in inventories Exportations 0.70 0.70 H 1 J 339 137.90 9.50 135.50 87.50 350.70 141.30 9.60 139.10 K 90.60 L M N 44.80 3.70 267.10 45.30 1.40 271.30 Code 2015 2016 B 289.70 304.20 295.80 312.50 23.90 24.40 58.00 D E 59.40 33.50 GDP deflator Deflator 2015 120 2016 114 32.30 F Table 1: Values expressed in current dollars. Importations Worker's compensations Gross fixed capital formation of central government Gross mixed revenue Taxes les subsidies on production Gross fixed capital formation of NPISH Haussbald sensumstien Gross operating surplus NPISH sensumption Central government consumption Gross fixed capital formation of enterprises Taxes les subsidies on products Investment in inventories Exportations 0.70 0.70 H 1 J 339 137.90 9.50 135.50 87.50 350.70 141.30 9.60 139.10 K 90.60 L M N 44.80 3.70 267.10 45.30 1.40 271.30