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