Question 1 a. From the following data calculate "National Income" by Income & expenditure method. (8 marks) Parameters $ 69 Interest 150 Rent Private Final Consumption Expenditure PFCE Profits Compensation of employees Net Income from Abroad NFIA Net Indirect Tax NIT Net Export Consumption of fixed capital Net Domestic Capital Formation NDCF b. Using the following information below calculate: (a) NDPFC at Factor Cost (4 marks) (b) Private income from the following (4 marks) Parameters Domestic product accruing to govt. 250 Government Final Consumption Expenditure GFCE 600 1200 640 1000 30 60 40 50 34 Wages & salaries Net current transfer to abroad Rent Interest paid by the production units National Debt Interest 300 1000 (-) 20 100 130 30 Corporate tax Current transfer by govt. Contribution to social security schemes by employers Dividends 200 100 5488 50 40 Undistributed profits 2
Question 1 a. From the following data calculate "National Income" by Income & expenditure method. (8 marks) Parameters $ 69 Interest 150 Rent Private Final Consumption Expenditure PFCE Profits Compensation of employees Net Income from Abroad NFIA Net Indirect Tax NIT Net Export Consumption of fixed capital Net Domestic Capital Formation NDCF b. Using the following information below calculate: (a) NDPFC at Factor Cost (4 marks) (b) Private income from the following (4 marks) Parameters Domestic product accruing to govt. 250 Government Final Consumption Expenditure GFCE 600 1200 640 1000 30 60 40 50 34 Wages & salaries Net current transfer to abroad Rent Interest paid by the production units National Debt Interest 300 1000 (-) 20 100 130 30 Corporate tax Current transfer by govt. Contribution to social security schemes by employers Dividends 200 100 5488 50 40 Undistributed profits 2
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 1SQ
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Transcribed Image Text:Question 1
a.
From the following data calculate "National Income" by Income & expenditure method.
(8 marks)
Parameters
$
69
Interest
150
Rent
Private Final Consumption Expenditure PFCE
Profits
Compensation of employees
Net Income from Abroad NFIA
Net Indirect Tax NIT
Net Export
Consumption of fixed capital
Net Domestic Capital Formation NDCF
b. Using the following information below calculate:
(a) NDPFC at Factor Cost (4 marks)
(b) Private income from the following (4 marks)
Parameters
Domestic product accruing to govt.
250
Government Final Consumption Expenditure GFCE
600
1200
640
1000
30
60
40
50
34
Wages & salaries
Net current transfer to abroad
Rent
Interest paid by the production units
National Debt Interest
300
1000
(-) 20
100
130
30
Corporate tax
Current transfer by govt.
Contribution to social security schemes by employers
Dividends
200
100
5488
50
40
Undistributed profits
2
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