Amount (RM millions) 5808 Item 1) The table above gives the values of different expenditures in country A. Answer the following questions about country A. a) What was the value of net exports of goods and services? b) What was GDP equal? c) What was the value of national income equal to? d) What approach did you use to make this calculation? Personal consumption Investment 1367 Government purchases Factor income paid abroad Factor income received from abroad Subsidies Indirect tax 1487 57 163 77 685 Capital consumption (Depreciation) Net export 908 -151
Amount (RM millions) 5808 Item 1) The table above gives the values of different expenditures in country A. Answer the following questions about country A. a) What was the value of net exports of goods and services? b) What was GDP equal? c) What was the value of national income equal to? d) What approach did you use to make this calculation? Personal consumption Investment 1367 Government purchases Factor income paid abroad Factor income received from abroad Subsidies Indirect tax 1487 57 163 77 685 Capital consumption (Depreciation) Net export 908 -151
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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