Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Total consumer expenditure 400,000
Government spending 148,000
Gross domestic capital formation 160,000
Value of physical income in stock 8,000
Export of goods. 72,000
Import of goods 68,520
Subsidies 5,560
Taxes on expenditure 6,960
Capital consumption 22,000
Income from abroad 51,600
Income paid abroad 29,600
From the following data country X, you are required to calculate:
1. GDP at factor cost
2. GNP at factor cost
3. NNP
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