2. The following table shows the figures of National Income for a country. Item RM millions Gross Investment 1500 2500 Government expenditure Consumption expenditure 3000 Indirect Taxes 500 Subsidies 600 Export 1100 Import 1000 Depreciation 400 Net income from abroad 200 Calculate : a. GDPmp b. GNPmp c. NI

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 5CQQ
icon
Related questions
Question
2. The following table shows the figures of National Income for a country.
Item
RM
millions
1500
Gross Investment
Government expenditure
Consumption expenditure
2500
3000
Indirect Taxes
500
Subsidies
600
Export
1100
Import
1000
Depreciation
400
Net income from abroad
200
Calculate :
a. GDPmp
b. GNPmp
c. NI
Transcribed Image Text:2. The following table shows the figures of National Income for a country. Item RM millions 1500 Gross Investment Government expenditure Consumption expenditure 2500 3000 Indirect Taxes 500 Subsidies 600 Export 1100 Import 1000 Depreciation 400 Net income from abroad 200 Calculate : a. GDPmp b. GNPmp c. NI
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Gross Domestic Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning