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The following table shows the value of economic activities of a country in 2020. Items RM (Million) Finance, insurance, real estate and business service 4,750
The following table shows the value of economic activities of a country in 2020.
Items | RM (Million) |
Finance, insurance, real estate and business service | 4,750 |
Private expenditure | 10,000 |
Rent | 20,000 |
Government expenditure | 6,000 |
Agriculture | 11,400 |
Mining and quarrying | 4,000 |
Transport, storage and communication | 3,700 |
Wholesale and retail | 6,300 |
Manufacturing | 12,500 |
Profit | 23,300 |
Depreciation | 1,000 |
Corporate income tax | 6,250 |
Taxes on expenditure | 7,500 |
Net factor income abroad | 3,450 |
Subsidies | 445 |
Personal income tax | 125 |
Social contribution | 50 |
Employee Provident fund | 170 |
Transfer payment | 700 |
a. Calculate:
i. Gross domestic product at factor cost (2 marks)
ii. Gross national product at factor cost (2 marks)
iii. National Income (2 marks)
iv. Personal Income (2 marks)
v. Disposable personal income (2 marks)
b. Define national Income (2 marks)
c. Discuss FOUR (4) uses of national income statistics (8 marks)
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