GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect taxes R23bn Subsidies R11bn Consumption of fixed capital R32bn 1. calculate the value of gross national income (GNI) at market prices.  2.Calculate the value of net national product (NNI) at market prices.  3. Calculate the value of net national income (NNI) at factor cost.

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A: Net national product (NNI) at factor cost can be calculated by using the following formula.

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