Question

Calculate gross fixed capital formation from the following data :
Private final consumption expenditure : 1000
Government final consumption expenditure : 500
Net export : - 50 .
Net factor income from abroad : 20
Gross domestic product at market price : 2,500.
Opening stock : 300
Closing stock : 200

Answer 1

Answer:

Calculate gross fixed capital formation from the following data :

Private final consumption expenditure : 1000

Government final consumption expenditure : 500

Net export : - 50 .

Net factor income from abroad : 20

Gross domestic product at market price : 2,500.

Opening stock : 300

Closing stock : 200.....

Answer 2

Answer:

gdp = Pvt final consumption+ govt final exp +net exports + chg in stock

2500 = 1000+500-50+100+ gross fixed cap

2500 =1500+ GFC

GFC = 2500-1550

= 950