macroeconomics

a) Table below shows the National Income data for country Dreamland in year 2018. ITEMS RM (millions) Agriculture 18,000 Mining 12,000 Manufacturing 22.000 Constructions 8,000 Electricity. gas and water 1.800 Transportation and communication 900 Indirect tax 800 Subsidies 700 Government services 1.700 Other services 900 Capital consumption 500 Income received from abroad 750 Income paid to abroad 450 Page 4 of 7 CITY UNIVERSITY Course: BBCE1023 Principles of Macroeconomics Based on the table above. calculate: a) Gross Domestic Product (GDP) at market price. (4 marks) b) Gross Domestic Product (GDP) at factor cost. (2 marks) C) Gross National Product (GNP) at factor cost. (2 marks) d) national income. (I mark) e) What approach did you use to make calculation in question (i)? (I mark) b) The table below shows national income data for a country R. Year Nominal GNP (RM million) Price Index 2017 16 400 100 2018 18 800 108 i) Calculate real income for 2017 and 2018. (4 marks) ii) How much growth rate from year 2017 to 2018