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The following are expenditures on goods and services in US in 2017. All figures are in millions of dollars. Population is 27 million. Fixed investment
The following are expenditures on goods and services in US in 2017. All figures are in millions of dollars. Population is 27 million. Fixed investment = 2500 Durable goods = 3000 Imports = 3560 Factor income from abroad = 1500 Inventories = 1020 Government expenditures = 4050 Non durable goods = 1890 Factor income to abroad = 4500 Services = 1630 Exports = 1500 Subsidies = 1040 Capital consumption allowance = 1080 Indirect taxes = 2580 Find i. GDP at market price ii. GDP at factor cost ili. GDP per capita (at factor cost) iv. GNP (at factor cost) v. NNP (at factor cost)
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