Item RM (million) 2) The table above shows the transaction in Pinkland last year: a) Calculate Pinkland's GDP. b) What was the value of national income equal to? c) What approach did you use to make this calculation? Тахes 403 Social security contribution 152 Indirect business tax 209 Subsidies 405 Transfer payment 224 Salaries 108 Profits 1008 Dividends 2501 Rental 201 Net factor income 254 Capital consumption Wages 105 578

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Item
RM (million)
Taxes
Social security contribution
Indirect business tax
Subsidies
Transfer payment
2) The table above shows the transaction in
Pinkland last year:
a) Calculate Pinkland's GDP.
b) What was the value of national income
equal to?
c) What approach did you use to make this
calculation?
403
152
209
405
224
Salaries
108
Profits
1008
Dividends
Rental
2501
201
Net factor income
254
Capital consumption
Wages
105
578
Transcribed Image Text:Item RM (million) Taxes Social security contribution Indirect business tax Subsidies Transfer payment 2) The table above shows the transaction in Pinkland last year: a) Calculate Pinkland's GDP. b) What was the value of national income equal to? c) What approach did you use to make this calculation? 403 152 209 405 224 Salaries 108 Profits 1008 Dividends Rental 2501 201 Net factor income 254 Capital consumption Wages 105 578
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