The data below shows the components of country A’s national income in 2015. S/NO ITEMS IN MILLION GHȼ I Net Domestic Capital Formation 500 II Compensation of Employees 1850 III Depreciation 100 IV Government Final Consumption Expenditure 1100 V Private Final Consumption Expenditure 2600 VI Rent 500 VII Dividend 200 VIII Interest 650 IX Net Export -100 X Profit 1100 XI Net Factor Income From Abroad -50 XII Indirect Tax 250 XIII Subsidies 200 Using the expenditure and the income based approaches, calculate Gross domestic product at market price Gross national product at market price Gross national product and Net national product at factor cos
The data below shows the components of country A’s national income in 2015. S/NO ITEMS IN MILLION GHȼ I Net Domestic Capital Formation 500 II Compensation of Employees 1850 III Depreciation 100 IV Government Final Consumption Expenditure 1100 V Private Final Consumption Expenditure 2600 VI Rent 500 VII Dividend 200 VIII Interest 650 IX Net Export -100 X Profit 1100 XI Net Factor Income From Abroad -50 XII Indirect Tax 250 XIII Subsidies 200 Using the expenditure and the income based approaches, calculate Gross domestic product at market price Gross national product at market price Gross national product and Net national product at factor cos
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
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The data below shows the components of country A’s
S/NO |
ITEMS |
IN MILLION GHȼ |
I |
Net Domestic Capital Formation |
500 |
II |
Compensation of Employees |
1850 |
III |
Depreciation |
100 |
IV |
Government Final Consumption Expenditure |
1100 |
V |
Private Final Consumption Expenditure |
2600 |
VI |
Rent |
500 |
VII |
Dividend |
200 |
VIII |
Interest |
650 |
IX |
Net Export |
-100 |
X |
Profit |
1100 |
XI |
Net Factor Income From Abroad |
-50 |
XII |
Indirect Tax |
250 |
XIII |
Subsidies |
200 |
Using the expenditure and the income based approaches, calculate
- Gross domestic product at market price
- Gross national product at market price
- Gross national product and Net national product at factor cost
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