1. Why the intermediate goods are not included in measuring GDP? (2)
2. Measure GDP and NDP from the following data:

Consumption Expenditure$28,500

Government Expenditure$ 18,900

Investment Expenditure$16,800

Exports$9.640

Imports$8,750

Depreciations$1,340

Retained Earnings$1,150

Indirect Business Taxes$950(6)

3.Calculate unemployment rate if adult population of the nation is 800 people of which 450 people are working and 30 are looking for working. (4)

4.Calculate the inflation rate from 2016 to 2017 if the index number in 2010 was 125 and increased to 128 in 2017. (3)

5.(15)

Data in the attachments

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