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?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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:

  1. GDP mp
  2. GDP fc
  3. GNP fc
  4. NI
  5. What is the difference between personal income and national income?
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