Economics 202

QUESTIONSPART ASOLUTION 1 (A ) gross domestic harvest is the market value of all last(a) exam goods and go produced by labor and capital which are physically located within the state within a habituated period of timeGDP consumption investment (government spending (exports - importsNet Domestic harvest-tide measures how much the country has to spend to maintain the current GDP level .

It is the services produced by all citizens of a country (whether within or outside the countryNDP GDP - DepreciationGNP refers to the GDP added to the investments make abroad with the amount of income that has been earned by foreign nationals in that country subtracted from the GNP GDP NR Net income from assets abroad (Net Income ReceiptsSo basicallyGNP goods and services produced by US corporations in US goods and services produced by US corporations in other countriesGDP goods and services produced by US corporations in US goods and services produced by foreign corporations in US (B1 ) Output method is also called production method . It determines the value added of each industry .It is useful as the final expenditure can be split to show the make method . This helps to predict unemployment in incompatible sectors , etc . But in truth the computations often have to be income or expenditure bases . It is different from the other two methods and thus helps to make the calculations of the national product more precise by giving it...If you want to find a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper