| Year 1 | Year 2 | ⇐ Year / Item | |
|---|---|---|---|
| 3353748 | 3864617 | 1 | Final consumption expenditure |
| 1821099 | 2 | Gross fixed capital formation | |
| 255126 | 179004 | 3 | Change in stocks |
| 1018907 | 1328765 | 4 | Exports of goods and services |
| 1219109 | 1614040 | 5 | Imports of goods and services |
| 5050345 | 6 | Gross domestic product at market prices |
The value of has to be
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| Year 1 | Year 2 | ⇐ Year / Item | 3353748 | 3864617 | 1 | Final consumption expenditure | xₐ | 1821099 | 2 | Gross fixed capital formation | 255126 | 179004 | 3 | Change in stocks | 1018907 | 1328765 | 4 | Exports of goods and services | 1219109 | 1614040 | 5 | Imports of goods and services | 5050345 | x_b | 6 | Gross domestic product at market prices | The value of x_b has to be (A) 5579445 (B) 5400441 (C) 6149995 (D) 5970991
Also written as: | Year 1 | Year 2 | ⇐ Year / Item | 3353748 | 3864617 | 1 | Final consumption expenditure | x_a | 1821099 | 2 | Gross fixed capital formation | 255126 | 179004 | 3 | Change in stocks | 1018907 | 1328765 | 4 | Exports of goods and services | 1219109 | 1614040 | 5 | Imports of goods and services | 5050345 | x_b | 6 | Gross domestic product at market prices | The value of x_b has to be
National income accounting has come up 132 times in 6 exams since 2010.
This question is on The expenditure method, part of National income accounting in Macroeconomics.
Measuring GDP as consumption, investment, government spending and net exports.
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Question from the JNU SSS 2015 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.