National Income Accounting

Posted by Neha on May 14, 2010; 2:03pm
URL: http://discussion-forum.276.s1.nabble.com/National-Income-Accounting-tp5051071.html

Sir can u please solve the questions below, i hav solved them bt not sure of the answers

Q1) Given :
1) GDP at factor cost(FC) 10000
2) Net factor income from abroad 500
3) Net Indirect taxes(NIT) 1500
4) Government(non-investment) expenditure at market prices(MP) 1500
5) current account deficit on balance of payments 500
6) gross savings of government -300

Calculate :
1) GDP at MP
2) GNP at MP
3) if pvt consumption expenditure is .75 times the GNP at MP, calculate Gross investment
4) Gross savings in the economy
5) Gross pvt savings
6) pvt sectors savings ratio out of its disposable income

Q2) Given:
1)Depreciation allowances 200
2) Personal (direct) tax payments 250
3) indirect business taxes 200
4) corporate (profits) taxes 100
5) Dividend Payments 50
6) undistributed profits 50
7) Government transfer payments 200
8) personal consumption expenditure 1200
9) personal savings 100

Calculate:
1) personal income
2) Net national product
3) national income
4) Gross national product

Q3) Given
1) Merchandise exports 500
2) merchandise imports 400
3) exports of services 150
4) imports of services 100
5) income receipts on assets abroad 100
6) income payments of foreign assets 150
7) net unilateral transfers -10
8) change in assets abroad 500
9) change in foreign assets held in a country 400

Calculate:
1) statistical discrepancy

Q4) Given:
1) GDP at FC 10000
2) net current account balance -500
3) gross investment =2000
4) Net factor income from abroad -800
5) depreciation 1000
6) net indirect taxes 1300

Calculate:
1) GDP at MP
2) gross savings

Q5) Given:
1) GDP at FC 22000
2) net factor income from abroad 1500
3) depreciation 1000
4) exports 5000
5) imports 6000
6) gross investment 7400
7) gross savings 4500
8) NIT 3000

Calculate :

1) trade deficit
2) current account deficit
3)  GNP at FC

Q6) Given :
1) GDP at FC 10000
2) net factor income from abroad -1000
3) depreciation 500
4) gross investment 3000
5) gross savings 4500
6) NIT 1500
7) gross fiscal deficit 150

Calculate :
1) NNP at MP
2) current account deficit
3) the excess of private investment over pvt savings