Hello. Can you please assist on the follwing question below. You have been appointed chief economist of a small economy of Uhuru. Use the information below which relates to Uhuru in 2020 and answer the questions that follow: National income Accounting Total in uhuru for 2020   Consumption 86 495 Gross capital formation 9 897 Government spending 12 458 Net exports 8 891 Primary income payments to the rest of the world  2 154 Primary income receipts  924 Consumption of fixed capital 165 Subsidies 325 Taxes 467     Q.1 Calculate the gross domestic product (GDP) at market prices for Uhuru in 2020. Q.2 Calculate the net domestic product at market prices for Uhuru in 2020.

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
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Hello. Can you please assist on the follwing question below.

You have been appointed chief economist of a small economy of Uhuru. Use the information below which relates to Uhuru in 2020 and answer the questions that follow:

National income Accounting Total in uhuru for 2020  
Consumption 86 495
Gross capital formation 9 897
Government spending 12 458
Net exports 8 891
Primary income payments to the rest of the world  2 154
Primary income receipts  924
Consumption of fixed capital 165
Subsidies 325
Taxes 467
   

Q.1 Calculate the gross domestic product (GDP) at market prices for Uhuru in 2020.

Q.2 Calculate the net domestic product at market prices for Uhuru in 2020.

Q.3 Calculate the net national product at factor cost for Uhuru for 2020.

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