Question

(c) From the following data, calculate GNP at factor cost :
(1) GDP at market price:
(ii) Net factor income from abroad:
(ui) Indirect taxes
(iv) Subsidy
(V) Gross Domestie capital formation
(vi) Net Domestie capital formation
5.000
100
150
50
300
200
(with brief iustification)​

Answer 1

Answer:

5,000

Explanation:

GNPfc = GDPmp + NFIA - NIT

GDPmp = (i) = 5,000

NFIA = (ii) = 100

NIT = IT - S = (iii) - (iv) = 150 - 50 = 100

GNPfc = 5,000 + 100 - 100