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Discuss how the income of a U.S. citizen working in a foreign country is accounted for in GDP.
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- 1Discuss the effectiveness of Gross Domestic Product (GDP) as a measure a measure of the standard of living. Highlight the different methods used to measure GDP.What are the differences between national income, personal income, and disposable personal income? Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.If an economy is producing more than its full-employment GDP, what is likely to happen? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely.
- GDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal incomeIf exports and imports is US are $450 million and $380 million respectively Calculate the value of net exportsWhat is the importance in macroeconomics of measuring per capita GDP? Provide examples and explain your answer. Requirements: Each response must be 250 to 300 words. When using reference material, you must properly cite the sources using in-text citations with the APA style. You must also include a reference list.
- Calculation of GDP using the income approach, the size of a country's national income will be equal to... a) Total production plus wages b) Total community investment c) The sum of the production value of goods and services plus wages d) Sum of rent, interest, wages and profitIt is difficult to calculate the value of GDP and it does not provide an accurate measure of the welfare or happiness of a country’s citizens therefore, it should not be used as an indicator of standard if living. Discuss whether you agree with this statement.Suppose GDP in this country is $690 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 150 Taxes minus Transfer Payments (T) 210 Consumption (C) Investment (I) 165
- If Gdp deflator is less than 100 it means that : 1- stagflation 2- deflation 3- inflation 4- stabilityThe following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income…The following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income…
