QUESTION 1 Below is the income data for a country. ITEMS Consumer expenditure Government expenditure Private Investment Public Investment Wages and salaries Rental Income Net Exports Taxes on expenditure Subsidies Direct taxes Net property income from abroad Capital consumption RM (millions) 210,000 14,500 60,100 40,000 100,000 28,000 2,800 56,000 7,000 8,000 3,400 4,200 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. d) national income. (1 mark) e) What approach did you use to make calculation in question (a)? (1 mark) (2 marks)

Below is the income data for a country. 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. (1 mark) e) What approach did you use to make calculation in question (a)? (1 mark)