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(a) Table 6 shows the extract of national income accounting data of Country X in 2021. Items $ (Million) Profit 10,260 Rent 4.620 Consumption 8.400
(a) Table 6 shows the extract of national income accounting data of Country X in 2021. Items $ (Million) Profit 10,260 Rent 4.620 Consumption 8.400 Exports of goods and services 4,740 Net investment 3,360 Gross investment 5,520 Direct tax 1,080 Indirect tax 600 Interest 5,100 Wage and salary 6,900 Subsidies 660 Table 6 (i) Calculate GDP at market value of Country X by using Income Approach. List the items and show your workings. (9 marks) (ii) According to the statistical department, the Gross Domestic Product (GDP) at market price using the expenditure approach is $28,500 billion. Calculate the amount of statistical discrepancy for Country X. Show your workings. (2 marks) ) Explain whether each of the following transactions was included in the Gross Domestic Product (GDP) of Country X. Identify the component of GDP if your answer is "included". (i) Anson and his girlfriend had their dinner at a restaurant to celebrate the Valentine's Day. (2 marks) (ii) Sally bought a box of Panadol produced by Ireland for her family members after the outbreak of COVID-19. (2 marks)
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