Suppose that the economy of Mwaliteta Republic has the following data for some economic variables. Assume that Mwaliteta Republic has a population of 500,000 people. Variable Amount in million ZMW Expenditure on Non-durable goods 98 Non-residential fixed investment 79 Central government expenditure 60 Local government expenditure 82 Expenditure on durable goods 82 Expenditure on services 99 Export expenditure 60 Inventory Investment 5 Depreciation 4 Property income from abroad 12 Indirect taxes 12 Residential fixed investment 42 Personal income tax 20 Import expenditure 99 Property income paid abroad 22 REQUIRED: i. Calculate the gross domestic product at market price and at basic price. ii. Find the net property income from abroad and Calculate the gross national product at market price. iii. Find the per capita gross domestic product at market price and the value of the net exports. iv. Calculate the net domestic product at market price and the personal income. v. Calculate the personal disposable income.
QUESTION TWO
Suppose that the economy of Mwaliteta Republic has the following data for some
economic variables. Assume that Mwaliteta Republic has a population of 500,000
people.
Variable Amount in million
ZMW
Expenditure on Non-durable goods 98
Non-residential fixed investment 79
Central government expenditure 60
Local government expenditure 82
Expenditure on durable goods 82
Expenditure on services 99
Export expenditure 60
Inventory Investment 5
Depreciation 4
Property income from abroad 12
Indirect taxes 12
Residential fixed investment 42
Personal income tax 20
Import expenditure 99
Property income paid abroad 22
REQUIRED:
i. Calculate the gross domestic product at market price and at basic price.
ii. Find the net property income from abroad and Calculate the gross national product at market price.
iii. Find the per capita gross domestic product at market price and the value of the net exports.
iv. Calculate the net domestic product at market price and the personal income.
v. Calculate the personal disposable income.
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