Question 1. The concept and methods of calculating GDP in macroeconomics

Test 1
Choose the correct answer.
Calculation of GDP by expenditure does not include:
A) wages, profits, interest, rents,
B) the cost of citizens on purchase of foreign currency;
C) expenses in the current assets of the company;
D) consumer spending; investment and government spending, and net exports.

Question 2. The theory of comparative advantage in the global economy Ricardo

Test 2
Choose the correct answer.
Ricardo did not take into account the following assumptions in the theory of comparative advantage of production of goods:
A) in the international exchange accounted for a lot of countries;
B) the exchange of goods is carried out for many;
B) the opportunity cost of resources in the production of one or the other product changes;
D) the exchange of leading the country at different scales of economic development;
D) the presence of perfect competition in foreign trade;
E) decision takes into account the specialization of transport costs;
F) the factors of production are mobile;
B) participate in the exchange of two goods between the two countries.

Task
According to the analysis of data tables and calculated values \u200b\u200bof macroeconomic indicators, determine: a) the difference between the real and nominal GDP ?; b) why and how GDP is calculated ?; c) take account of real GDP in the table.
Table. The calculation of real GDP for 4 years (conventional example)
Year Nominal GDP, bln. Rub. Deflator as a percentage (%) to the n-th year of real GDP, bln. Rub.
1st 1700 50
2nd 2100 70
3rd 100 3200
4th 4800 120

References