1. The following table shows the National Income data for a country in a year 2019 Items RM billion 71 Public consumption expenditures Personal consumption 11 Public investment 3 Personal investment 5 Change in stock 14 Factor income received from 3 abroad Factor income paid abroad 2 Net export 13 Indirect taxes 2 EPF 3 Subsidies 1 SOCSO 1 Transfer payment 8 Income tax 2 Retained earning 1 Insurance premium 1 Based on the table above, calculate :- a. Gross Domestic Product at market price (GDPmp) b. Gross National Product at market price (GNPmp) c. Gross National Product (GNP) at factor cost d. National Income e. Personal income f. Disposable personal income

1. The following table shows the National Income data for a country in a year 2019 Items RM billion 71 Public consumption expenditures Personal consumption 11 Public investment 3 Personal investment 5 Change in stock 14 Factor income received from 3 abroad Factor income paid abroad 2 Net export 13 Indirect taxes 2 EPF 3 Subsidies 1 SOCSO 1 Transfer payment 8 Income tax 2 Retained earning 1 Insurance premium 1 Based on the table above, calculate :- a. Gross Domestic Product at market price (GDPmp) b. Gross National Product at market price (GNPmp) c. Gross National Product (GNP) at factor cost d. National Income e. Personal income f. Disposable personal income

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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