GDP – NBC Institute

PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

Question

Economic cycle, also known as business cycle, refers to the upward and downward movements (fluctuations) as shown in the national gross domestic product during a given period.

Required:
Explain the five phases of an economic cycle.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Cycle, Economic Cycle, expansion, GDP, Recession
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2020

BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

Question

In measuring a country’s Gross Domestic Product (GDP), economists use the expenditure approach, income approach and the value-added approach.

Required: Describe TWO (2) of these approaches. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic measurement, Expenditure approach, GDP, Income approach, Value-added approach
Level: Level 1

Topic: The external environment
Series: NOV 2023

PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis

Compute financial ratios and analyze the financial performance and position of Ghana's Consolidated Fund for 2022 and 2021.

Question

The Financial Statements of the Consolidated Fund of Ghana for the year ended 31 December 2022 and 2021 are presented below:

Consolidated Fund of Ghana – Statement of Financial Performance for the year ended 31 December

Additional Information:

The Statistical and economic data for the two years are as follows:
- 2022: Population: 30.8 million, Gross Domestic Product (GH¢): 768,000,000,000
- 2021: Population: 29.5 million, Gross Domestic Product (GH¢): 552,500,000,000
Capital Assets acquired in 2022 and 2021 amounted to GH¢255,200,000,000 and GH¢141,600,000,000 respectively.

Required:

i) Compute the following accounting ratios for the two respective years (2022 and 2021):

Debt to Gross Domestic Product
Capital Spending as a percentage of Gross Domestic Product
Wage Bill as a percentage of Total Tax Revenue
Debt per Capita
(4 marks)

ii) Based on the result in question i) above, write a report discussing and analyzing the Financial Performance and Financial Position of the nation.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Debt Management, Financial Performance, Financial Ratios, GDP, Public Sector
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: JULY 2023

PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

Question

Economic cycle, also known as business cycle, refers to the upward and downward movements (fluctuations) as shown in the national gross domestic product during a given period.

Required:
Explain the five phases of an economic cycle.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Cycle, Economic Cycle, expansion, GDP, Recession
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2020

BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

Question

In measuring a country’s Gross Domestic Product (GDP), economists use the expenditure approach, income approach and the value-added approach.

Required: Describe TWO (2) of these approaches. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic measurement, Expenditure approach, GDP, Income approach, Value-added approach
Level: Level 1

Topic: The external environment
Series: NOV 2023

PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis

Compute financial ratios and analyze the financial performance and position of Ghana's Consolidated Fund for 2022 and 2021.

Question

The Financial Statements of the Consolidated Fund of Ghana for the year ended 31 December 2022 and 2021 are presented below:

Consolidated Fund of Ghana – Statement of Financial Performance for the year ended 31 December

Additional Information:

The Statistical and economic data for the two years are as follows:
- 2022: Population: 30.8 million, Gross Domestic Product (GH¢): 768,000,000,000
- 2021: Population: 29.5 million, Gross Domestic Product (GH¢): 552,500,000,000
Capital Assets acquired in 2022 and 2021 amounted to GH¢255,200,000,000 and GH¢141,600,000,000 respectively.

Required:

i) Compute the following accounting ratios for the two respective years (2022 and 2021):

Debt to Gross Domestic Product
Capital Spending as a percentage of Gross Domestic Product
Wage Bill as a percentage of Total Tax Revenue
Debt per Capita
(4 marks)

ii) Based on the result in question i) above, write a report discussing and analyzing the Financial Performance and Financial Position of the nation.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Debt Management, Financial Performance, Financial Ratios, GDP, Public Sector
Level: Level 2

Topic: Financial Statements Discussion and Analysis
Series: JULY 2023

Question Tag: GDP

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PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis

Compute financial ratios and analyze the financial performance and position of Ghana's Consolidated Fund for 2022 and 2021.

PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis

Compute financial ratios and analyze the financial performance and position of Ghana's Consolidated Fund for 2022 and 2021.

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Question Tag: GDP

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PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

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BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2b – The external environment"

PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis

Compute financial ratios and analyze the financial performance and position of Ghana's Consolidated Fund for 2022 and 2021.

You're reporting an error for "PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis"

PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance

Explain the five phases of the economic cycle in relation to fluctuations in GDP.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q6b – Fiscal Policy and Public Finance"

BMIS – Nov 2023 – L1 – Q2b – The external environment

Describe two of the three approaches (expenditure, income, value-added) used by economists to measure a country's Gross Domestic Product (GDP).

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2b – The external environment"

PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis

Compute financial ratios and analyze the financial performance and position of Ghana's Consolidated Fund for 2022 and 2021.

You're reporting an error for "PSAF – July 2023 – L2 – Q3b – Financial statements discussion and analysis"

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