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    ACTIVITY#1

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    Adonis Gaoiran
    The document presents three approaches to calculating a country's Gross National Product (GNP): 1) The expenditure approach lists components of GNP totaling $1,332,587, including personal consumption, government expenditure, investment, and exports. 2) The income approach breaks down GNP of $1,332,587 into various sources of income like wages, dividends, and interest. 3) The value-added approach divides GNP among agriculture, industry, and services sectors, with the largest being services at $578,641.

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    ACTIVITY#1

    Uploaded by

    Adonis Gaoiran
    5 views2 pages
    The document presents three approaches to calculating a country's Gross National Product (GNP): 1) The expenditure approach lists components of GNP totaling $1,332,587, including personal consumption, government expenditure, investment, and exports. 2) The income approach breaks down GNP of $1,332,587 into various sources of income like wages, dividends, and interest. 3) The value-added approach divides GNP among agriculture, industry, and services sectors, with the largest being services at $578,641.

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    The document presents three approaches to calculating a country's Gross National Product (GNP): 1) The expenditure approach lists components of GNP totaling $1,332,587, including personal consumption, government expenditure, investment, and exports. 2) The income approach breaks down GNP of $1,332,587 into various sources of income like wages, dividends, and interest. 3) The value-added approach divides GNP among agriculture, industry, and services sectors, with the largest being services at $578,641.

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    5 views2 pages

    ACTIVITY#1

    Uploaded by

    Adonis Gaoiran
    The document presents three approaches to calculating a country's Gross National Product (GNP): 1) The expenditure approach lists components of GNP totaling $1,332,587, including personal consumption, government expenditure, investment, and exports. 2) The income approach breaks down GNP of $1,332,587 into various sources of income like wages, dividends, and interest. 3) The value-added approach divides GNP among agriculture, industry, and services sectors, with the largest being services at $578,641.

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    of 2

    Activity#1

    National Income Accounting

    Gross National Product via Expenditure Approach


    Personal Consumption Expenditure 945,000
    Government Expenditure 190,000
    Gross Domestic Investment 205,000
    Exports 290,000
    Less: Imports 300,000
    Expenditure on Gross Domestic Product 1,330,000
    Net Factor Income from Abroad 2,587
    Expenditure on Gross National Product 1,332,587

    Gross National Product via Income Approach


    Wages and Dividends 546,441
    Government Income 43,393
    Corporate Income 99,663
    Interest 215,888
    Rent 185,841
    National Income 1,091,226
    Indirect Taxes 141,543
    Net National Product 1,232,769
    Depreciation 99,818
    Gross National Product 1,332,587
    Gross National Product via Value-Added Approach or Industrial Origin
    Agriculture, Fishery, Forestry 312,900
    Agriculture 121,458
    Fisheries 95,678
    Forestry 95,764
    Industry Sector 438,459
    Mining 33,720
    Manufacturing 295,634
    Construction 66,233
    Utilities 42,872
    Service Sector 578,641
    Transportation 76,257
    Trade 240,416
    Finance and housing 96,963
    Private Service 77,735
    Government Service 87,270
    Gross Domestic Product 1,330,000
    Net Factor Income from Abroad 2,587
    Gross National Product 1,332,587

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