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The table below shows the national income accounting data for a country in the year 2016: Items -RM (billion) Consumption expenditure - 2,446 Government expenditures
The table below shows the national income accounting data for a country in the year 2016:
Items -RM (billion)
- Consumption expenditure - 2,446
- Government expenditures on goods and services - 4,810
- Gross private domestic investment - 2,837
- Capital consumption allowance - 925
- Indirect business taxes- 146
- Exports - 4,899
- Imports - 4,855
- Income from the rest of the world - 1,456
- Income earned by the rest of the world - 1,628
Using the expenditure approach, calculate the following values:
(a) Gross Domestic Product (GDP)
(b) Gross National Product (GNP)
(c) National Income (NI)
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