c) The table below contains information about the national income data of a country. Items RM billion 40 Capital consumption Government purchases Subsidies Net exports Indirect taxes Gross private domestic investment Net factor income from abroad 1,450 70 - 280 160 2,200 - 340 3,100 Personal consumption expenditures Using the above table, calculate the Gross Domestic Product at market price (GDPMP), Gross National Product at market price (GNPMP), Gross National Product at factor cost (GNPFC), and national income.

Survey of Economics (MindTap Course List)
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ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
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c) The table below contains information about the national income data of a country.
RM billion
40
Items
Capital consumption
Government purchases
Subsidies
Net exports
Indirect taxes
Gross private domestic investment
Net factor income from abroad
Personal consumption expenditures
1,450
70
- 280
160
2,200
- 340
3,100
Using the above table, calculate the Gross Domestic Product at market price
(GDPMP), Gross National Product at market price (GNPMP), Gross National Product
at factor cost (GNPFC), and national income.
Transcribed Image Text:c) The table below contains information about the national income data of a country. RM billion 40 Items Capital consumption Government purchases Subsidies Net exports Indirect taxes Gross private domestic investment Net factor income from abroad Personal consumption expenditures 1,450 70 - 280 160 2,200 - 340 3,100 Using the above table, calculate the Gross Domestic Product at market price (GDPMP), Gross National Product at market price (GNPMP), Gross National Product at factor cost (GNPFC), and national income.
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