Answered: Q.3.1 Calculate the value of gross… | bartleby

Exploring Economics

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 6P

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Question

R millions
Consumption Expenditure
138
Investment expenditure
98
Government expenditure
57
Net exports
64
Primary income payments to the rest of the
21
world
Primary income receipts from the rest of the
13
world
Indirect taxes
28
Subsidies
10
Consumption of fixed capital
12
Q.3.1
Calculate the value of gross domestic product (GDP) at market prices.
Q.3.2
Calculate the value of gross domestic expenditure.

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