FINAL

EXAMINATION
Dumaguete Campus 2nd.
Semester
College of Business Administration A.Y. 2020 - 2021
Comprehensive Examination (COMPRE 1)

Formulas in computing GNP as your guide:

N.B.: ANALYZE CAREFULLY THE PROBLEM

Gross National Product, Expenditure Approach

1. Personal Expenditure (C) P XXXXX

2. Gross Domestic Capital Formation or Investment (I) XXXXX
3. Government Expenditures (G) XXXXX
4. Net Exports (X-M) XXXXX
5. Statistical Discrepancy (SD) XXXXX
_________
Gross Domestic Product (GDP) P XXXXX

6. Net Factor Income (NFY) XXXXX

_________
Gross Domestic Product (GNP) P XXXXX
=========
For easy recall, we can use the following shortcuts:

C + I + G (X-M) ± NFY = GNP

Gross National Product, Income Approach

1. Income of Person (PY) P XXXXX

2. Corporate Income (CY) XXXXX
3. Government income from capital (GY) XXXXX
________
National Income (NI) P XXXXX

4. Indirect Tax (IT) P XXXXX

Less: Subsidies XXXXX XXXXX

5. Capital Consumption Allowance or

Depreciation Allowance (DA) XXXXX
_________
Gross National Product P XXXXX
=========
For easy recall, one can use the following shortcuts:
PY + CY + GY = N.I.
+ I.T-S
+ D. A.
_______
GNP
 Gross National Product, Industrial Origin
(Or Value-Added Approach)

1. Agriculture (A) P XXXXX

2. Industry (I) XXXXX
3. Services (S) XXXXX
__________
Gross Domestic Product (GDP) P XXXXX
4. Net Factor Income (NFY) XXXXX
__________
Gross National Product P XXXXX
==========

For easy recall, one can use the following shortcuts:

A
+ I
+ S
GDP
±NFY
______
GNP

Study the following figures. (in million pesos)

Household Economic Income P 500,000

Non-economic Income 2,500,000
Corporate Income 820,000
Partnership Income 430,000
Government Income from Capital 350,000
Personal Consumption Expenditure 610,000
Government Consumption Expenditures 520,000
Machinery and Equipment 430,000
Increases in Inventories 215,000
Buildings and Construction 675,000
Net Foreign Factor Income (175,000)
Indirect Taxes 270,000
Depreciation Allowances 60,000
Net Exports 155,000
Value-Added by sector:
Agriculture 525,000
Service 680,000
Industry 1,400,000

1. Compute the GNP using the expenditure and income approaches

2. Compute Real GNP assuming a price index of 100%.
3. Compute the Per Capita Real GNP for a population of 50 million.

GOOD LUCK