Question
You are given the following information on an economy: $ Millions Consumer's Expenditure 30,100 Gross trading profits of companies 5,400 Net Investment 13,200 Public authorities'
You are given the following information on an economy:
$ Millions
Consumer's Expenditure 30,100
Gross trading profits of companies 5,400
Net Investment 13,200
Public authorities' Current expenditure on
goods and services 12,600
Exports of goods and services10,700
Value of physical increase in stocks and work
in stocks and work in progress (800)
Taxes on expenditure 7,300
Imports of goods and services 12,200
Net Property income from abroad +650
Subsidies 1300
Capital Consumption -depreciation 4,700
a. Calculate:
i. Gross National Product
ii. Gross Domestic Product at market prices
iii. Gross domestic product at factor cost
iv. National Income.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started