The problem requires us to calculate Gross Domestic Expenditure (GDE), Gross National Expenditure (GNE), Net National Product (NNE), and National Income using the provided data.

Applied MathematicsMacroeconomicsNational Income AccountingGDPGDEGNENNE
2025/5/15

1. Problem Description

The problem requires us to calculate Gross Domestic Expenditure (GDE), Gross National Expenditure (GNE), Net National Product (NNE), and National Income using the provided data.

2. Solution Steps

a) Gross Domestic Expenditure (GDE) is the sum of Personal consumption expenditure, Gross domestic private investment, and Government consumption expenditure, plus (Exports - Imports).
GDE=PersonalConsumption+GrossInvestment+GovernmentExpenditure+(ExportsImports)GDE = Personal\,Consumption + Gross\,Investment + Government\,Expenditure + (Exports - Imports)
GDE=29,660+5,960+9,240+(4,2705,470)GDE = 29,660 + 5,960 + 9,240 + (4,270 - 5,470)
GDE=29,660+5,960+9,2401,200GDE = 29,660 + 5,960 + 9,240 - 1,200
GDE=43,660GDE = 43,660
b) Gross National Expenditure (GNE) is equal to GDE plus Net Factor Income from Abroad.
Net Factor Income from Abroad = Factor income received from abroad - Factor income paid abroad.
NetFactorIncomefromAbroad=1,6401,500=140Net\,Factor\,Income\,from\,Abroad = 1,640 - 1,500 = 140
GNE=GDE+NetFactorIncomefromAbroadGNE = GDE + Net\,Factor\,Income\,from\,Abroad
GNE=43,660+140GNE = 43,660 + 140
GNE=43,800GNE = 43,800
c) Net National Product (NNE) is equal to GNE less Consumption of fixed capital (Depreciation).
NNE=GNEConsumptionoffixedcapitalNNE = GNE - Consumption\,of\,fixed\,capital
NNE=43,8004,790NNE = 43,800 - 4,790
NNE=39,010NNE = 39,010
d) National Income (NI) is equal to NNE adjusted for Indirect Taxes and Subsidies. Specifically, National Income = NNE - Indirect Taxes + Subsidies.
NI=NNEIndirectTaxes+SubsidiesNI = NNE - Indirect\,Taxes + Subsidies
NI=39,0103,700+1,100NI = 39,010 - 3,700 + 1,100
NI=35,310+1,100NI = 35,310 + 1,100
NI=36,410NI = 36,410

3. Final Answer

a) Gross Domestic Expenditure (GDE) = 43,660 Ghc
b) Gross National Expenditure (GNE) = 43,800 Ghc
c) Net National Product (NNE) = 39,010 Ghc
d) National Income (NI) = 36,410 Ghc

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