Question
The table below shows Gross Domestic Product (GDP) by category of expenditure. JA ($Million) Consumer expenditure 280 Government final consumption 750 Gross domestic fixed capital
The table below shows Gross Domestic Product (GDP) by category of expenditure.
JA ($Million) | |
Consumer expenditure | 280 |
Government final consumption | 750 |
Gross domestic fixed capital formation | 700 |
New housing | 80 |
Export of goods and services | 880 |
Import of goods and services | 1000 |
Taxes on expenditure | 700 |
Receipt of factor income from rest of the world | 400 |
Subsidies | 120 |
Payment of factor income to the rest of the world | 300 |
Capital consumption | 350 |
From the information in the table, calculate:
a) Net export
b) Gross domestic product (GDP) at the market price
c)Gross domestic product (GDP) at factor cost
d)Gross national product (GNP) at factor cost
e) Net national product (NNP) at factor cost
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