Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect taxes R23bn Subsidies R11bn Consumption of fixed capital R32bn Q.3.1 Calculate the value of gross national income (GNI) at market prices

Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect taxes R23bn Subsidies R11bn Consumption of fixed capital R32bn Q.3.1 Calculate the value of gross national income (GNI) at market prices

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 13SQ

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Question

Use the information in the table below to answer Q.3.1 to Q.3.3:
GDP at market prices R397bn
Net primary income payments to the rest of
the world
R37bn
Indirect taxes R23bn
Subsidies R11bn
Consumption of fixed capital R32bn

Q.3.1 Calculate the value of gross national income (GNI) at market prices

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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