Apolinar, Williane Faith F.

AE 104 – GNP and GDP COA – Blk. 1A

February 06, 2021

Using the given table below solve for:

1. Gross National Product by Expenditure
2. Gross Domestic Product
3. Gross National Product by Income Approach
4. Gross National Product by Industrial Origin Approach
Consumption 6,192,862
Government Purchases 884,276
Business spending 1,329,737
Imports 2,881,295
Exports 3,098,149
NFIFA 1,237,157
Rent 1,600,000
Wages 2,555,000
Interest 955,456
Profit 800,500
Corporate Profit 1,350,000
Depreciation 821,740
Indirect Business Tax 740,000
Agriculture 1,182,374
Service Industry 4,667,166
Mining 165,448
Trade and Commerce 1,765,198
Business Transfer Payments 550,000
Construction sector 450,667
Transportation 282,184
Manufacturing 797,849

1. Gross National Product by Expenditure

GNP = C + I + G + Xn + NFIFA
= 6,192,862 + 1,329,737 + 884,276 + 216,854 + 1,237,157
GNP = 9,860,886

2. Gross Domestic Product

GDP = C + I + G + Xn
= 6,192,862 + 1,329,737 + 884,276 + 216,854
GDP = 8,623,729

3. Gross National Product by Income Approach

GNP = Wages + Interest Income + Rental Income + Profit + IBtx + D

= 2,555,000 + 955,456 + 1,600,000 + 800,500 + 1,350,000 + 740,000 + 821,740
GNP = 8,822,696

4. Gross National Product by Industrial Origin Approach

GNP = Agriculture + Service Industry + Mining + Trade and

Commerce + Construction sector + Transportation+
Manufacturing
= 1,182,374 + 4,667,166 + 165,448 + 1,765,198 + 450,667
+ 282,184 + 797,849
GNP = 9,310,886