The following are extracts from the national income account of a country. COMPOSITION Compensation of employees Corporate profit RM (MILLION) 4,150 900 Rent 370 Interest Proprietor's income Transfer payment Tax on companies' profit Depreciation Personal income taxes Employees Provident Fund Income paid abroad 700 850 500 200 200 650 650 480 Indirect taxes 450 Income received from abroad 600 Undistributed profits 620
The following are extracts from the national income account of a country. COMPOSITION Compensation of employees Corporate profit RM (MILLION) 4,150 900 Rent 370 Interest Proprietor's income Transfer payment Tax on companies' profit Depreciation Personal income taxes Employees Provident Fund Income paid abroad 700 850 500 200 200 650 650 480 Indirect taxes 450 Income received from abroad 600 Undistributed profits 620
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
Related questions
Question
With reference to the table given above, calculate:
i. Gross Domestic Product at factor cost
ii. Gross National Product at factor cost
![The following are extracts from the national income account of a country.
RM (MILLION)
4,150
900
COMPOSITION
Compensation of employees
Corporate profit
Rent
370
Interest
Proprietor's income
Transfer payment
Tax on companies' profit
Depreciation
Personal income taxes
Employees Provident Fund
Income paid abroad
700
850
500
200
200
650
650
480
Indirect taxes
450
Income received from abroad
600
Undistributed profits
620](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa2981bf-4344-465d-bc5d-246b7ed6f3cb%2F51d24687-ffcc-4ad0-9817-d2c0cce30d3d%2Fauvygbs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following are extracts from the national income account of a country.
RM (MILLION)
4,150
900
COMPOSITION
Compensation of employees
Corporate profit
Rent
370
Interest
Proprietor's income
Transfer payment
Tax on companies' profit
Depreciation
Personal income taxes
Employees Provident Fund
Income paid abroad
700
850
500
200
200
650
650
480
Indirect taxes
450
Income received from abroad
600
Undistributed profits
620
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax