6. In the year 2017, the net national product for a country was RM12 000 million. In year 2019, the current national product for the country is RM20 000 million. The current price index for this year is 180. If the year 2017 is the reference year ( the price index for this year is 100), Calculate the net national product for the year 2019.

6. In the year 2017, the net national product for a country was RM12 000 million. In year 2019, the current national product for the country is RM20 000 million. The current price index for this year is 180. If the year 2017 is the reference year ( the price index for this year is 100), Calculate the net national product for the year 2019.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 1WNG

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Question

6. In the year 2017, the net national product for a country was RM12 000 million. In year
2019, the current national product for the country is RM20 000 million. The current price
index for this year is 180.
If the year 2017 is the reference year ( the price index for this year is 100), Calculate
the net national product for the year 2019.

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