Question

Subsidies ………………………………………… 1 000
Gross domestic fixed capital formation……………. 2 400
Exports of goods and services ……………………. 2 000
Government final consumption ……………………. 3 000
Property income from abroad …………………… 300
Imports of goods and services ……………………. 2 500
Value of physical decrease in stocks …………… 10
Consumer’s expenditure ……………………. 8 000
Capital consumption/Depreciation ………………… 1 500
Taxes on expenditure……………………………... 1 750
Property income paid abroad ……………………. 500
Required
Calculate the following from the above data:
(a) Gross domestic product at market prices (5 marks)
(b) Gross domestic product at factor cost (5 marks)
(c) Gross national product at factor cost (5 marks)
(d) Net national product at factor cost (5 mark

Answer 1

Answer:

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