Expenditure Approach Table 3 Items RM Million Subsidies 4,500 Factor Payments Received from abroad 10,000 Manufacturing 7,000 Public Investment 50,000 Exports 77,000 Consumption Expenditure 15,500 Private Investment 14,000 Imports 75,000 Depreciation 5,000 Increase in Inventory 400 Tax on Expenditure 1,500 Factor Payments Paid Abroad 12,000 Calculate using the above data: GDP mp GDP fc GNP fc NI What is the difference between personal income and national income?
Expenditure Approach Table 3 Items RM Million Subsidies 4,500 Factor Payments Received from abroad 10,000 Manufacturing 7,000 Public Investment 50,000 Exports 77,000 Consumption Expenditure 15,500 Private Investment 14,000 Imports 75,000 Depreciation 5,000 Increase in Inventory 400 Tax on Expenditure 1,500 Factor Payments Paid Abroad 12,000 Calculate using the above data: GDP mp GDP fc GNP fc NI What is the difference between personal income and national income?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Expenditure Approach
Table 3
Items |
RM Million |
Subsidies |
4,500 |
Factor Payments Received from abroad |
10,000 |
Manufacturing |
7,000 |
Public Investment |
50,000 |
Exports |
77,000 |
Consumption Expenditure |
15,500 |
Private Investment |
14,000 |
Imports |
75,000 |
|
5,000 |
Increase in Inventory |
400 |
Tax on Expenditure |
1,500 |
Factor Payments Paid Abroad |
12,000 |
Calculate using the above data:
- GDP mp
- GDP fc
- GNP fc
- NI
- What is the difference between personal income and
national income ?
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