Question

Calculate (i) Gross Domestic Product at Market Price by the Income Method (ii) Expenditure method.

1.fixed capital formation 260.

2. Consumption of fixed capital 120

3. Private final consumption expenditure 830

4. Mixed income 560

5. Indirect tax 180

6. Subsidies 20

7. Interest on national debt 30


9. Government final consumption expenditure 160

10. Imports 100

11. Change in stock 90

12. Exports 80

13. Rent, Interest and profit 200

14. Net factor income to abroad (-)20

15. Compensation of employees 480.


please answer it honestly ​

Answer 1

Answer:

1. Fixed capital formation refers to the process of a firm increasing its stock of fixed capital. Fixed capital are assets used in the productive process, that a firm holds for over a year. ( Fixed capital formation does not include current raw materials used in the productive process)

Explanation:

Fixed capital formation refers to the process of a firm increasing its stock of fixed capital. Fixed capital are assets used in the productive process, that a firm holds for over a year. ( Fixed capital formation does not include current raw materials used in the productive process)

Answer 2

Answer:

Answer :

GDP : Gross Domestic Product

Fixed Capital : The assets that can be used for many years without any damage.

Hope it helps you :)