Question
The following data relates to a hypothetical economy (Figures are n Billions of shillings Component Amount (KSh.) Consumer expenditure Net property income from abroad
The following data relates to a hypothetical economy (Figures are n Billions of shillings Component Amount (KSh.) Consumer expenditure Net property income from abroad Government spending Depreciation Value of increase or decrease in the stocks and work in progress subsidies Exports of goods and services Import of goods and services Gross domestic fixed capital formation (Investment) Indirect taxes (taxes on expenditure) Required: National income at factor cost using the expenditure approach. 500 57 230 123 55 62 250 300 155 155 (4 Marks)
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
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