Question

You are given the following data. Calculate GNP and GDP at factor cost. (5 Marks)

GNPMP

700

Indirect Taxes

70

Subsidies

40

NFIA

150

Depreciation

50

Transfer payments

15

Retained Earnings of Companies

25

Personal Taxes

15

Personal Savings

80

Answer 1

Explanation:

You are given the following data. Calculate GNP and GDP at factor cost. (5 Marks)

GNPMP

700