GDP at market prices R397bn Net primary income payments to the rest of R37bn the world Indirect taxes R23bn Subsidies R11bn © The Independent Institute of Education (Pty) Ltd 2020 20 Consumption of fixed capital R32bn
GDP at market prices R397bn Net primary income payments to the rest of R37bn the world Indirect taxes R23bn Subsidies R11bn © The Independent Institute of Education (Pty) Ltd 2020 20 Consumption of fixed capital R32bn
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
1. Calculate the value of gross national income (GNI) at market prices.
2. Calculate the value of net national product (NNI) at market prices
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