Question

National income

Calculate GNPfc from the following

GDPmp 500
consumption of fixed capital 20
Factor income from abroad 300
Net indirect taxes 20
Factor income paid abroad 100



please help to solve this question
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Answer 1

Explanation:

• Income Method NDPfc = iv + v + viii + iii.
• GNPfc = NDPfc + dep + NFIA
• GDPmp = PFCE+ GFCE+ (NDCF + Dep) + Net export.
• GNPfc = GDPmp + NFIA – NIT.

Answer 2

Explanation:

income method NDPfc = iv + v + viii + iii

GNPfc= NDPfc +Dep +NFIA

GDPmp = PFCE + GFCE (NDFC +Dep)+net export

GNPfc = GDPmp + NFIA - NIT

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