Question

How do you calculate Government expenditure?

The following national income data are available for a country. All data are in billion dollars. Category Residential Investment Payments of Factor Income to the rest of the world National Income Inventory Adjustment Personal Consumption Expenditure Depreciation Exports Nonresidential Investment Receipts of Factor Income from the Rest of the World Government Transfer Payment Statistical Discrepancy Imports Value 110.00 50.00 2,174.00 0.00 1,540.00 66.00 132.00 220.00 90.00 200.00 0.00 242.00 Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ 2,214 billion. (Enter your response as an integer.) NNP equals $ 2,174 billion. (Enter your response as an integer.) GNP equals $2,240 billion. (Enter your response as an integer.) Government Expenditureequals $ billion. (Enter your response as an integer.)

Answer 1

Answer:

Government Expenditure = Government transfer payments + Non-residential Investments

= $200 + $220

= $420

Answer 2

Yvonne Lucille Schultz