i THe Navionat Income Accounring EXERCISE 2: The National Income Accounting Name: Score: Course/Section: Date: {Part I. Matching Type Direction: Choose your answer from the box, and write the letter of your choice on the space provided X. The Expenditure Approach Y. The Income Approach Z. The Industrial Origin Approach 1. Imports _ 2. Mining and Quarrying Industry — 3. Indirect Business Taxes —_—— 4. Government Consumption Expenditure & Gross Investment 5. Industry Sector ~———— 6. Construction Industry 7. Transport and Commerce Industry 8 Exports ~—-—— 9. Manufacturing Industry ———~— 10. Depreciation __ 1 Personal Consumption Expenditures ~~—— 12 Agriculture, Fishery and Forestry Industry ——-—- 13 Compensation of Employees ——— 4 Trade Industry ~~~ 15 Net Exports ——-== 16 Rental Income of Persons ~~ 17 Setvice Sector —* 18 Profits 19 Gross Private Domestic Investment a ~ 20 Net Interest Chapter 8 41THe NATIONAL Income Accounting Part II. Computation Direction: Solve for gross domestic product using the three different approaches Show your Solutions in its simplest form GIVEN: at current prices (in million pesos) Mining (22,810) b. Quarrying (21,235) cc Private domestic investment * Residential fixed (5,210) # Business fixed (15,260) * Change in inventories (4,599) Income of unincorporated enterprises (7,680) Depreciation (overall) (9,950) Indirect business taxes, adjustments, & statistical discrepancy (28,150) Rental income of persons (14,695) zaman Net interest (5,680) i Wages, salaries, and supplements (98,320) Agriculture (43,280) Fishery and forestry (32.750) Manufacturing (31,090) m. Construction (15,888) n. Government consumption & investment purchases (19,810) ©. Net exports * Export (9,820) © Import (13,480) P Corporate profits before taxes * Corporate profit taxes (3,690) * Dividends (4,250) © Undistributed profits (3.390) § Transportation, communication, storage & ublies (62 a8o Commerce (20.579) 8 Services (24.154) Trade (4818) UW NFIA (267.459) Personal consumption expenditure Chagter #@ 43MacROECONOMICS qT * Durable goods (7,579) * Nondurable goods (67,560) * Personal services (19,830) Using the Final Expenditure Approach Solution: Using Factors Income Approach Solution:THe National Income ACCOUNTING Using Industrial Origin Approach Solution: Part IV. FYI GLOBAL Direction; Choose at least two groups from the choices below, and compare the countries a een chendance davalanmant and