Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The data below shows the components of country As national income in 2015. S/NO ITEMS IN MILLION GH I Net Domestic Capital Formation 500 II
The data below shows the components of country As national income in 2015.
S/NO
ITEMS
IN MILLION GH
I
Net Domestic Capital Formation
500
II
Compensation of Employees
1850
III
Depreciation
100
IV
Government Final Consumption Expenditure
1100
V
Private Final Consumption Expenditure
2600
VI
Rent
500
VII
Dividend
200
VIII
Interest
650
IX
Net Export
-100
X
Profit
1100
XI
Net Factor Income From Abroad
-50
XII
Indirect Tax
250
XIII
Subsidies
200
Using the expenditure and the income based approaches, calculate
i. Gross domestic product at market price
ii. Gross national product at market price
iii. Gross national product at factor cost
iv. Net national product at factor cost
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