Depreciation Indirect taxes Subsidies 380 1700 1600 Calculate: a) GDP at market price b) GDP at factor cost c) GNP at factor cost di GNL at factor r cost
Depreciation Indirect taxes Subsidies 380 1700 1600 Calculate: a) GDP at market price b) GDP at factor cost c) GNP at factor cost di GNL at factor r cost
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 1
Given the following data for a country A for the year ended December 2021
Items
RM Million
Private expenditure
Government expenditure
Gross private investment
Gross government investment
5000
4400
1000
1200
Increase in stock
300
Net Export
Wage and salaries
Interest, rent and dividend
1100
4000
2000
Net factor income from abroad
140
Depreciation
380
Indirect taxes
1700
Subsidies
1600
Calculate:
a) GDP at market price
b) GDP at factor cost
c) GNP at factor cost
d) GNI at factor cost
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