c) The table below contains information about the national income data of a country.RM billion40ItemsCapital consumptionGovernment purchasesSubsidiesNet exportsIndirect taxesGross private domestic investmentNet factor income from abroadPersonal consumption expenditures1,45070- 2801602,200- 3403,100Using the above table, calculate the Gross Domestic Product at market price(GDPMP), Gross National Product at market price (GNPMP), Gross National Productat factor cost (GNPFC), and national income.

GDP at Market Price = Personal consumption + Gross private domestic investment + Government…

c) The table below contains information about the national income data of a country. Items RM billion 40 Capital consumption Government purchases Subsidies Net exports Indirect taxes Gross private domestic investment Net factor income from abroad 1,450 70 - 280 160 2,200 - 340 3,100 Personal consumption expenditures Using the above table, calculate the Gross Domestic Product at market price (GDPMP), Gross National Product at market price (GNPMP), Gross National Product at factor cost (GNPFC), and national income.

c) The table below contains information about the national income data of a country. Items RM billion 40 Capital consumption Government purchases Subsidies Net exports Indirect taxes Gross private domestic investment Net factor income from abroad 1,450 70 - 280 160 2,200 - 340 3,100 Personal consumption expenditures Using the above table, calculate the Gross Domestic Product at market price (GDPMP), Gross National Product at market price (GNPMP), Gross National Product at factor cost (GNPFC), and national income.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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