Question
Table shows the value of economic activities of Lolaland with population of 6 million in 2018. Items RM (million) Imports RM25 Taxes on expenditure RM15
Table shows the value of economic activities of Lolaland with population of 6 million in 2018.
Items
RM (million)
Imports
RM25
Taxes on expenditure
RM15
Wages and salaries
RM30
Subsidies
RM5
Profit
RM80
Personal income tax
RM25
Net factor income abroad
RM95
Depreciation
RM50
Income from rent, dividend and interest
RM90
Corporate tax
RM65
Based on the given information, calculate the value of:
(i) Gross domestic product at factor cost
(ii) Gross national product at factor cost
(iii) National income
(iv) Personal income
(V) Disposable personal income
(VI) Per capita income
(Vii) What approach did you use to calculate gross domestic product in question (i)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started