Scribd Logo
Upload

Welcome to Scribd!

  • 27 views

    Class Test F.M 20 P.M 10 Short Answers Questions (5 X 2 10)

    Uploaded by

    Santosh Chhetri
    This document appears to be the questions and instructions for a class test. It includes short answer questions about GDP measurement concepts like what GDP does not measure, domestic income, and the impact of marriage on GDP. It also includes long answer questions about computing price indices and real spending using consumer price data, and calculating GDP from the income approach using data on various transactions between two firms. The test covers key topics in measuring and understanding GDP.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Class Test F.M 20 P.M 10 Short Answers Questions (5 X 2 10)

    Uploaded by

    Santosh Chhetri
    27 views2 pages
    This document appears to be the questions and instructions for a class test. It includes short answer questions about GDP measurement concepts like what GDP does not measure, domestic income, and the impact of marriage on GDP. It also includes long answer questions about computing price indices and real spending using consumer price data, and calculating GDP from the income approach using data on various transactions between two firms. The test covers key topics in measuring and understanding GDP.

    Original Title

    GDP in Nepal

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document appears to be the questions and instructions for a class test. It includes short answer questions about GDP measurement concepts like what GDP does not measure, domestic income, and the impact of marriage on GDP. It also includes long answer questions about computing price indices and real spending using consumer price data, and calculating GDP from the income approach using data on various transactions between two firms. The test covers key topics in measuring and understanding GDP.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views2 pages

    Class Test F.M 20 P.M 10 Short Answers Questions (5 X 2 10)

    Uploaded by

    Santosh Chhetri
    This document appears to be the questions and instructions for a class test. It includes short answer questions about GDP measurement concepts like what GDP does not measure, domestic income, and the impact of marriage on GDP. It also includes long answer questions about computing price indices and real spending using consumer price data, and calculating GDP from the income approach using data on various transactions between two firms. The test covers key topics in measuring and understanding GDP.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Class Test

    F.M 20
    P.M 10
    Short Answers Questions (5 X
    2=10)
    1. What GDP Does Not Measure?
    2. What is domestic income and net factor income from abroad?
    3. Suppose a woman marries her butler. After they are married, her husband continues to wait on
    her as before, and she continues to support him as before (but as a husband rather than as an
    employee): How does marriage affect GDP? How should it affect GDP?
    4. If you woke up in the working & found that nominal GDP has doubled overnight, what statistic
    would you need to check before you began to celebrate: Why?
    5. Explain the concept of Depreciation. why we add up depreciation to derive GDP from income
    method?
    Long Answers Questions (2 X 5 = 10)
    6. Abby consumes only apples. In year 1, red apples cost one dollar each, green apples cost two
    dollars each, and Abby buys 10 red apples. In year 2, red apples cost two dollars, green apples
    cost one dollar, and Abby buys 10 green apples.
    a) Compute a consumer price index for apples for each year. Assume that year 1 is the base
    year in which the consumer basket is fixed. How does your index change from year 1 to year
    2?
    b) Compute Abby’s nominal spending on apples in each year. How does it change from year 1
    to year 2?
    c) Using year 1 as the base year, compute Abby’s real spending on apples in each year. How
    does it change from year 1 to year 2?
    7. Let us suppose the economy has two goods A and B. consider the following data and answer the
    following questions

    Items Rs. In Million


    Sales by Firm A 2000
    Purchase from B by A 800
    Purchase from A by B 1200
    Sales by Firm B 4000
    Closing Stock of Firm A 400
    Closing Stock by firm B 700
    Opening Stock by firm A 500
    Opening Stock by firm B 900
    Indirect taxes paid by firm 1000
    Subsidy 400
    Interest Paid by the government 2987
    Interest paid by the individuals 832
    Sales of Shares by firm B 1289
    Sales of motorbike by Firm A purchased on 2017 4567
    Hawala money 789
    Money given as a bribe 1569
    Sale of stock 1278
    Purchase of bonds 2346
    Expenditure on raw materials 1236
    Business transfers 9087

    You might also like