Question
b)The following table shows the national account information of an African Country. Item $(millions) Household Consumption 1,250.00 Depreciationofcapitalgoods 120.00 Factor income received from abroad 580.00
b)The following table shows the national account information of an African Country.
Item | $(millions) |
Household Consumption | 1,250.00 |
Depreciationofcapitalgoods | 120.00 |
Factor income received from abroad | 580.00 |
Government investment | 824.00 |
Exports | 123.00 |
Imports | 390.00 |
Factor income paid to abroad | 225.00 |
Gross private domestic investment | 594.00 |
Government Consumption | 447.00 |
Transfer Payments | 946.00 |
I. Calculate the value ofGrossDomestic Product (GDP) and Net Domestic Product (NDP) of this country.
II. According to the circular flow model, briefly explain the leakages of an economy
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