1.7 Calculate gross domestic income at factor cost. The national accounts of Parchment Paradise are kept on...

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1.7 Calculate gross domestic income at factor cost. The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fi re destroys the statistics offi ce. The accounts are now incomplete, but they contain the following data:

◆ Consumption expenditure: £2,000

◆ Indirect taxes less subsidies: £100

◆ Gross operating surplus: £500

◆ Investment: £800

◆ Government expenditure: £400

◆ Compensation of employees: £2,000

◆ Net exports: -£200

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 08:01 AM

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1.7 Calculate gross domestic income at factor cost. The national accounts of Parchment Paradise are kept on...

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