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Excise taxes Rent for land Employee compensation Proprietors income of the f Investment spending Govenment spending Foreign spending Suppose that nominal GDP for the year 2000 was $8.945 million, and the GDP deflator for 1997 was 102.36. $8.739 million $8.895 million $9 051 miltion $9.236 mallion Net corporate proits minus foreign factons. (19)
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Answer #1

Q15. Option 3. As nothing is produced in return for compensation

Q16. Option 1. It accounts for two thirds of the total GDP

Q17. Option 1.
Real GDP = Nominal/GDP deflator = 8945/1.0236 = 8738.76

Q18. Option 1
It accounts for the capital that has been consumed over the year in the form of housing, vehicle or machinery depreciation

Q19. Option 2. It is the left out money after taxes are removed from personal income

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