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3 years ago

Discuss the importance of national income statistics to the government of Ghana

Business

1 answer:

satela [25.4K]3 years ago

6 0

Answer:

The national income statistics are important to any government, including the government of Ghana.

The national income statistics measure the production of goods and services within the country, or by nationals from the country.

There are three important measures that are obtained from national income statistics:

Gross National Product (GDP): values the amount of goods and services produced domestically (in this case, whithin Ghana), in a given yar.
Gross National Product (GNP): values the amount of goods and services produced by Ghanian citizens, whether they live in Ghana or abroad. This measure is very important because there are many Ghanians living in other countries
Net National Product (NNP): It is equal to gross national product minus depreciated assets. This measure is important because it helps the Ghanian government see which investments are actually productive, and not just replacement investments for depreciated assets.

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Which of the following is not a factor of production?

vladimir1956 [14]

Hi there

The correct answer should be : C

I hope that's help:)

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3 years ago

Why is it important for every person to keep track of their earnings and spending patterns?

PSYCHO15rus [73]

It is important because that is how you budget and how you are able to save money if an emergency comes up

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3 years ago

On May 15, 2000 you enter into a 1-year forward rate agreement (FRA) with a bank for the period starting November 15, 2000 to Ma

Artyom0805 [142]

Answer:

3.51%

Explanation:

First, we need to calculate the YTM of 6 months zero-coupon bond by using the following formula

Price = Face value / ( 1 + YTM )^numbers of years

96.79 = 100 / ( 1 + YTM )^1

1 + YTM = 100 / 96.79

1 + YTM = 1.0331646

Now calculate the YTM of 1 Year zero-coupon bond

93.51 = 100 / ( 1 + YTM )^1

YTM = 1.0331646 - 1

YTM = 0.0331646

YTM = 3.31646%

YTM = 3.316%

1 + YTM = 100 / 93.51

1 + YTM = 1.06940

YTM = 1.06940 - 1

YTM = 0.06940

YTM = 6.940%

YTM = 6.94%

Hence the forward rate is calculated as follow

Forward rate = [ (1 + YTM of 1 year zero coupon bond ) / ( 1 + YTM of 6 months year zero coupon bond ) ] - 1 = ( 1 + 6.94% ) / ( 1 + 3.316% ) = [ 1.0694 / 1.03316 ] - 1 = 1.03508 - 1 = 0.03508 = 3.508% = 3.51%

At the time of inception the formward rate is 0.

7 0

3 years ago

The production possibilities curve illustrates the basic principle that: Group of answer choices A) an economy will automaticall

ICE Princess25 [194]

Answer:

The correct answer is option C.

Explanation:

The production possibility curve shows the maximum possible bundle of two goods that can be produced using all the available resources and state of technology.

Since the resources are scarce, when we produce more of one good, we need to sacrifice more and more of the other good.

If all the resources in the economy are fully employed then it is not possible to increase the production of one good without decreasing the production of the other.

The economy can thus produce either on the production possibility curve or below it but not above it.

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4 years ago

The service cost component of a defined benefit pension plan is computed as the:

mote1985 [20]

Answer: The service cost component of a defined benefit pension plan is computed as the: <em><u>Present value of the change in pension liability from additional employee service. </u></em>

The service cost of a defined benefit pension plan is the change in the pension liability caused by one additional year of employee service. Also an expected return on pension plan assets does not cause an increase in the pension expense for a defined benefit plan.

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3 years ago