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Question 1 Use the following variables from the information below: Consumption 160,000 Import 40.000 Agriculture, forestry and fishing 30,000 Government Spending 90,000 Subsidy 11,000 Direct
Question 1 Use the following variables from the information below: Consumption 160,000 Import 40.000 Agriculture, forestry and fishing 30,000 Government Spending 90,000 Subsidy 11,000 Direct Tax 35,000 Mining and quarrying 8,000 Indirect Tax 25,000 Investment 122,000 Factor Income to Abroad 40.000 Factor Income from Abroad 45,000 Financial are insurance 80.000 Depreciation 20,000 Export 50.000 Calculate: (m) Gross National Product (GNP )MP (5 marks) (b) Gross National Product (GNP) FC (5 marks) (c) Net National Product (NNP) FC (5 marks) (d) Given that w = 100,000, r = 80,000 and rent = 70,000, calculate profit
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