Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

b. The table below shows the national income data for a country in a certain year. ITEMS RM(MILLION) Oil and gas 32000 Finance and insurance

image text in transcribed
b. The table below shows the national income data for a country in a certain year. ITEMS RM(MILLION) Oil and gas 32000 Finance and insurance 54000 Private expenditure 24000 Public investment 89000 Forestry 65000 Transfer Payment 36000 Public expenditure 95000 Government services 75000 Net factor income payments from abroad 10000 Depreciation 36000 Subsidies 7000 Indirect taxes 8600 Factor income received 18000 Mining 22000 Based on data given, calculate: i. Gross Domestic Product at market price(GDPmp) . [4marks] ii. Gross National Product at market price (GNPmp). [4marks ili. Gross Domestic Product at factor cost (GDPfc). [3marks] iv. Gross National Product at factor cost(GNPfc) [3marks] v. National Income [3marks vi. Factor income paid abroad [3marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics Of The Environment Selected Readings

Authors: Robert Stavins

6th Edition

0393913406, 9780393913408

More Books

Students also viewed these Economics questions

Question

need help with Sam Ruiz's OASDI TAXABKE WAGES and OASDI TAX.

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago

Question

Be relaxed at the hips

Answered: 1 week ago