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- What are the main components of measuring GDP with what is produced?Why is the GDP deflator not an accurate measure of inflation as it impacts a household?Which of the following are included in GDP, and which are not? The cost of hospital stays The rise in life expectancy over time Child care provided by a licensed day care center Child care provided by a grandmother A used car sale A new car sale The greater variety of cheese available in supermarkets The iron that goes into the steel that goes into a refrigerator bought by a consumer.
- The Consumer Price Index is subject to the substitution bias and me quality/new goods bias. Are the Producer Price index and the GDP deflator also subject to these biases? Why or why not?Calculate (a) GDP using the expenditure and (b) value added (industrial origin ) approaches. Calculate GNP. Agriculture, Fishery and Forestry 2000 Exports of Goods and Services 12000 Government Consumption Expenditure 1000 Gross Domestic Capital Formation 2000 Industry 3000 Imports of Goods and Services 12000 Net Factor Income from ROW 500 Personal Consumption Expenditures 7500 Services 5000 Statistical Discrepancy -500Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool.
- I. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator. Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.5If exports and imports is US are $450 mil- lion and $380 million respectively Calculate the value of net exports