Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

From the following data for Country X, you are required to calculate: i.GDP at factor cost ii.GNP at factor cost iii.NNP Total consumer expenditure400 000

From the following data for Country X, you are required to calculate:

i.GDP at factor cost

ii.GNP at factor cost

iii.NNP

Total consumer expenditure400 000

Government spending148 000

Gross domestic capital formation160 000

Value of physical increases in stock8 000

Export of goods72 000

Import of goods68 520

Subsidies5 560

Taxes on expenditure6 960

Capital consumption22 000

Income from abroad31 600

Income paid abroad29 600

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

The Strictures Of Inheritance The Dutch Economy In The Nineteenth Century

Authors: Jan Luiten Van Zanden, Arthur Van Riel, Ian Cressie

1st Edition

0691229309, 9780691229300

More Books

Students also viewed these Economics questions

Question

Describe the basic characteristics of inland marine floaters.

Answered: 1 week ago

Question

Always show respect for the other person or persons.

Answered: 1 week ago

Question

Self-awareness is linked to the businesss results.

Answered: 1 week ago