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Solve clearly Question 4 (a) The following are extracts from the national income account of a country. COMPOSITION RM (MILLION) With reference to the table

Solve clearly

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Question 4 (a) The following are extracts from the national income account of a country. COMPOSITION RM (MILLION) With reference to the table given above, calculate: Gross Domestic Product at factor cost Wages and salary 600 Corporate profit 350 (7 marks) Gross National Product at factor cost Rental income 300 (2 marks) Net interest 250 1. National Income (1 mark) Proprietor's income 105 . Personal Income Transfer payment 230 (3 marks) Corporate tax 70 Disposable Income (1 mark) Depreciation 50 Discuss the strengths and weaknesses of using national income data : Private investment 2000 to measure the social wellbeing of a nation Personal Income tax 30 in making comparisons of one nation to another Employees Provident Fund 90 (6 marks) Net factor income abroad 500 [20 Mark]

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