Macroeconomics Problems With Solution 2022

Running head: Macroeconomics
Macroeconomics
Name of the Student
Name of the University
Student ID

Macroeconomics1
Table of Contents
Answer 1..........................................................................................................................................2
Answer 2..........................................................................................................................................4
Answer 3..........................................................................................................................................5
Answer 7..........................................................................................................................................6
Answer 8..........................................................................................................................................7
References........................................................................................................................................9

Macroeconomics2
Answer 1
(a) Calculating Gross Domestic Product (GDP) using income approach
GDP=Total National Income+Sales Tax + Depreciation+ Net Factor Income ¿ Foreign
GDP= ( 1687+2651 ) +0+(−482)+34
GDP=$ 3890 billion
(b) Calculating GDP using expenditure approach
GDP=Consumption+ Investment +Government Expenditure + Net Exports
GDP= ( 320+3115 ) +785+ ( 585+210 ) + ( 690−565 )
GDP=$ 5140 billion
(c) Calculating Gross National Expenditure (GNE)
GNE=Household Consumption Expenditure +Government Consumption Expenditure +Gross Private ¿Capital For
GNE=3115+210+785
GNE=$ 4110 billion
(d) Calculating Net Domestic Product (NDP)
NDP=GDP−Depreciation
NDP=5140−482
NDP=GDP−Depreciation
NDP=$ 4658 billion