Question 2 The table below shows the calculation of national income for country Z. Items Wages and salaries RM (million) 400 Wholesale and retail 200 Income from rent, dividend and interest 150 Profit 250 Transfer payment 50 Construction 100 Corporate tax 60 Capital Consumption Banking and insurance Mining and gas Private Investment Personal Income Tax Employees Provident Fund Net factor income abroad 40 400 100 900 10 60 700 Based on the data given above: a) Calculate the value of GDP using income the approach.

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ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter3: Economic Decision Makers
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Question 2
The table below shows the calculation of national income for country Z.
Items
Wages and salaries
RM (million)
400
Wholesale and retail
200
Income from rent, dividend and interest
150
Profit
250
Transfer payment
50
Construction
100
Corporate tax
60
Capital Consumption
Banking and insurance
Mining and gas
Private Investment
Personal Income Tax
Employees Provident Fund
Net factor income abroad
40
400
100
900
10
60
700
Based on the data given above:
a) Calculate the value of GDP using income the approach.
Transcribed Image Text:Question 2 The table below shows the calculation of national income for country Z. Items Wages and salaries RM (million) 400 Wholesale and retail 200 Income from rent, dividend and interest 150 Profit 250 Transfer payment 50 Construction 100 Corporate tax 60 Capital Consumption Banking and insurance Mining and gas Private Investment Personal Income Tax Employees Provident Fund Net factor income abroad 40 400 100 900 10 60 700 Based on the data given above: a) Calculate the value of GDP using income the approach.
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