ITEMS RM (millions) Agriculture 18,000 Mining 12,000 Manufacturing 22,000 Constructions 8,000 Electricity, gas and water 1,800 Transportation and communication 900 Indirect tax 800 Subsidies 700 Government services 1,700 Other services 900 Capital consumption 500 Income received from abroad 750 Income paid to abroad 450 Based on the table above, calculate: Gross Domestic Product (GDP) at market price. Gross Domestic Product (GDP) at factor cost. 3. Gross National Product (GNP) at factor cost
ITEMS RM (millions) Agriculture 18,000 Mining 12,000 Manufacturing 22,000 Constructions 8,000 Electricity, gas and water 1,800 Transportation and communication 900 Indirect tax 800 Subsidies 700 Government services 1,700 Other services 900 Capital consumption 500 Income received from abroad 750 Income paid to abroad 450 Based on the table above, calculate: Gross Domestic Product (GDP) at market price. Gross Domestic Product (GDP) at factor cost. 3. Gross National Product (GNP) at factor cost
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter16: Externalities, The Environment, And Natural Resources
Section: Chapter Questions
Problem 2DQ
Related questions
Question
ITEMS |
RM (millions) |
Agriculture |
18,000 |
Mining |
12,000 |
Manufacturing |
22,000 |
Constructions |
8,000 |
Electricity, gas and water |
1,800 |
Transportation and communication |
900 |
Indirect tax |
800 |
Subsidies |
700 |
Government services |
1,700 |
Other services |
900 |
Capital consumption |
500 |
Income received from abroad |
750 |
Income paid to abroad |
450 |
Based on the table above, calculate:
Gross Domestic Product (GDP) at marketprice .
- Gross Domestic Product (GDP) at factor cost.
3. Gross National Product (GNP) at factor cost
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