From the data below calculate the gross national product at factor cost: Ksh. Million Imports 42,000 Value of physical increase in stock 1,300 Exports 43,000 Capital formation 25,000 Government expenditure 29,000 Consumer expenditure 84,000 Taxes on expenditure 20,000 Subsidies 3,000 Net property income from abroad 400

From the data below calculate the gross national product at factor cost: Ksh. Million Imports 42,000 Value of physical increase in stock 1,300 Exports 43,000 Capital formation 25,000 Government expenditure 29,000 Consumer expenditure 84,000 Taxes on expenditure 20,000 Subsidies 3,000 Net property income from abroad 400

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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