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    This document contains GDP calculations for 2001 using the expenditure, income, and industrial origin approaches. It finds GDP as $10,396.2 using all three approaches. It then calculates GNP as GDP plus net factor income from abroad of $10,078.3, giving a GNP of $20,474.5 for 2001. The same calculations and approaches are listed for 2002 but no figures are provided.

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    This document contains GDP calculations for 2001 using the expenditure, income, and industrial origin approaches. It finds GDP as $10,396.2 using all three approaches. It then calculates GNP as GDP plus net factor income from abroad of $10,078.3, giving a GNP of $20,474.5 for 2001. The same calculations and approaches are listed for 2002 but no figures are provided.

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    7 views3 pages

    Activity 4

    Uploaded by

    Jeshua Item
    This document contains GDP calculations for 2001 using the expenditure, income, and industrial origin approaches. It finds GDP as $10,396.2 using all three approaches. It then calculates GNP as GDP plus net factor income from abroad of $10,078.3, giving a GNP of $20,474.5 for 2001. The same calculations and approaches are listed for 2002 but no figures are provided.

    Copyright:

    © All Rights Reserved
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    of 3

    2001

    EXPENDITURE APPROACH
    C = 7303.7
    I = 1543.2
    G = 1972.9
    X = 1014.9
    GDP = C + I + G + (X - M)
    GDP = 7,303.7 + 1,543.2 + 1,972.9 + (1,014.9 - 1,438.5)
    GDP = 10,819.8 + (-423.6)
    GDP = 10,396.2

    THE INCOME APPROACH


    NI → CTE = 6010
    PI = 943.5
    CP = 748.9
    Int = 354.8
    RI = 142.7
    NI = 8,199.9

    NFP = 11.1
    D = 1351.3
    IT = 1856.2
    S = 1116.8
    OTHERS → BTP = 53.2
    Dis = 41.3
    OTHERS = 94.5
    GDP = NI + NFP + D + IT - S + OTHERS
    GDP = 8,199.9 + 11.1 + 1,351.3 + 1,856.2 - 1,116.8 + 94.5
    GDP = 10,396.2

    INDUSTRIAL ORIGIN APPROACH


    Arg = 3007.1
    Ind =3695.9
    Ser = 3693.2
    GDP = Arg + Ind + Ser
    GDP = 3,007.1 + 3,695.9 + 3,693.2
    GDP = 10,396.2

    GROSS NATIONAL PRODUCT


    GDP = 10,396.2
    NFIA = 10,078.3
    GNP = GDP + NFIA
    GNP = 10,396.2 + 10,078.3
    GNP = 20,474.5

    2002

    EXPENDITURE APPROACH
    GDP = C + I + G + (X - M)
    GDP =

    THE INCOME APPROACH


    GDP = NI + NFP + D + IT - S + OTHERS
    GDP =

    INDUSTRIAL ORIGIN APPROACH


    GDP = Arg + Ind + Ser
    GDP =

    GROSS NATIONAL PRODUCT


    GNP = GDP + NFIA
    GNP =

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