Question
QUESTION 1 The data below shows the national income for Country WOO in 2015 with a population of RM 20 million. ITEMS RM (million) Forestry
QUESTION 1
The data below shows the national income for Country WOO in 2015 with a population of RM 20 million.
| ITEMS | RM (million) |
| Forestry | 16000 |
| Mining and Quarrying | 9000 |
| Agriculture | 6000 |
| Government Expenditure | 8000 |
| Manufacturing | 17000 |
| Insurance | 24000 |
| Hotel and Restaurant | 4500 |
| Taxes on Expenditures | 6000 |
| Construction | 19000 |
| Education | 21000 |
| Capital Consumption | 5000 |
| Net factor payment | (12000) |
| Subsidies | 9000 |
Calculate:
- Gross Domestic Product at market price.
- Gross National Product at market price.
- Gross National Product at factor cost.
- National income
QUESTION 2
The following schedule shows the national income data for Country REA in year 2018
| ITEMS | RM (million) |
| Fishery | 12000 |
| Mining and Quarrying | 36000 |
| Manufacturing | 98000 |
| Construction | 9000 |
| Electricity, Gas and Water | 3500 |
| Transportation, Storage and Communication | 19000 |
| Wholesale and Retail Trade | 25000 |
| Factor Income from Abroad | 16000 |
| Factor Income to Abroad | 8000 |
| Capital Consumption | 7000 |
| Sales Taxes | 600 |
| Subsidies | 800 |
Calculate:
- Define Gross Domestic Product
b) Gross Domestic Product at market price.
c) Gross National Product at market price.
d) National income
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
978-0538497909
