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An exercise on how to calculate GDP by Income and expenditure approach (complete version)
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- Опубликовано: 1 сен 2021
- Hello Viewer. Trust you're having a good time?😎
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*NOTE:* National Income= Net National Product - Statistical discrepancy. So in the last question, NI= 2385 - 10= 2375.
We apologize for the error. It was unintentional. Thank you for your understanding. We love you!🥰
It the way he exclaimed "Yes!" for me😂😂. Getting entertained while learning this cumbersome course😪😅
Yeah, you know. Learning can be very fun and really should be.😊😊😊🥳
Pls mathematical problem solving on how to measure income base on national income
U get the question
Hi Chidera. Your comment isn't clear
Do you mind rephrasing?
Thankyou so much, really helpful video
It is our pleasure that you found the video helpful. All the best in your Economics courses. Go and spank it!
Good
Hi Mensa. Thank you for acknowledging our efforts. We hope you find our other videos helpful too.
Very helpful thank you
We are delighted you found it very helpful.
Thanks bro
You're welcome. We are happy you found the class helpful.
Please how will you know that these items belongs to GDP
Why is depreciatin added to the investment in the expenditure approach
You need the gross investment in the computation of gross domestic product using the expenditure approach but in the question, you had net investment. Given that Gross investment - depreciation= Net Investment, Gross investment thus equals Net Investment + depreciation.
We hope that's clear?
Thank you for viewing.
Please Is savings part of income
Please with the direct tax is it going to be part of the incomes when calculating for the NI
No. Savings and direct taxes aren't a part. You don't add incomes that do not contribute to the production of newly produced goods and services in a given year.
you talk too fast and your camera person is not good making your calculations seen unclear
Thank you for your feedback. We are sorry for your experiences. As for the speed, you can reduce the playback speed of the video so as to tailor the experience to your taste. We also think the calculations are clear enough. You may enlarge the screen of your device or maximize the video (in the case or a PC) to see the calculations clearly.
How do we calculate for NI if given population but not statistical discrepancy
Hi Raymond. Trust you're doing very fine? In that case, you probably already had NI per capita in the question with which you multiply the population to get the NI. But if you don't have that, the population variable is irrelevant to the calculation of NI.
We hope this helps.
Please how will you know that thes items belongs to GDP, GNP
They all belong to both except net income which is added to GDP to get GNP.
This is interesting and cumbersome at the same time ,
Pls how do we submit the assignment sir?
I’m watching this for the very first time
Actually this shouldn't have been your very first time of watching as it had been one of your recommended classes for the semester with us @MOG School of Economics that is just about to end. However, you can submit via WhatsApp.
@@mogeconomics yh!
Alright, thanks sir
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