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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)?

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