Question

Find GDP at mp where GDP fc =1200 , Indirect tax=100 , consumption at fixed capital=200​

Answer 1

Answer:

Formula: GDP at MP= National Income + Consumption of Fixed Capital + Factor income to abroad + Indirect Taxes - Subsidies

= 6700 + 180 + 150 + 130 - 70

= 7090.

Explanation:

I hope you will understand.

Thank you.