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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
i neeed in Words (not handwritten)

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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