macroeconomics BAFB1033

Question 1 Table 1 below shows the national income data of a country with a population of 40 million. Using the information in the table below, answer the following questions. Table 1 Items RM (million) Wages and salaries 100 Indirect taxes 10 Household consumptions 250 Import 50 Dividend 70 Government - Investment 300 Undistributed profits 55 Subsidies Household's interest receives on loans Household's interest from borrowing Capital consumption Export Based on the data given above: a) Calculate Gross Domestic Product (GDP) using the income approach (6 Marks) b) Calculate GDP per capita! [2 Marks] c) Identify and explain another TWO (2) methods to measure national income 6 Marks dj Identify and explain with examples FOUR (4) activities that are not counted in GDP. 10.Marks] e) State ONE (1) accurate measurement to measure economic growth and why (2 Marks) ( 915: 25 Marks)