Answer the following questions about country A. a) What was GDP equal? b) What was the value of total production equal to? c) What approach did you use to make this calculation? Items RM (million) Agriculture, Forestry & Fishing 25874 Construction 89756 Mining & Quarrying 12345 Electricity, Gas & Water 96325 Manufacturing 70002 Government Services 78953 Wholesale, Retail, Hotel & Restaurant 258 Finance, Insurance & Real Estate 456 Transport, Storage & Communication 999 Other Services 451 Factor Income Paid Abroad 452 Indirect Taxes 200 Factor Income Received From Abroad 500 Subsidies - 85 Depreciation 891
Answer the following questions about country A. a) What was GDP equal? b) What was the value of total production equal to? c) What approach did you use to make this calculation? Items RM (million) Agriculture, Forestry & Fishing 25874 Construction 89756 Mining & Quarrying 12345 Electricity, Gas & Water 96325 Manufacturing 70002 Government Services 78953 Wholesale, Retail, Hotel & Restaurant 258 Finance, Insurance & Real Estate 456 Transport, Storage & Communication 999 Other Services 451 Factor Income Paid Abroad 452 Indirect Taxes 200 Factor Income Received From Abroad 500 Subsidies - 85 Depreciation 891
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter32: Macroeconomic Policy Around The World
Section: Chapter Questions
Problem 30P: Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/...
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3) Answer the following questions about country A.
a) What was GDP equal?
b) What was the value of total production equal to?
c) What approach did you use to make this calculation?
Items |
RM (million) |
Agriculture, Forestry & Fishing |
25874 |
Construction |
89756 |
Mining & Quarrying |
12345 |
Electricity, Gas & Water |
96325 |
Manufacturing |
70002 |
Government Services |
78953 |
Wholesale, Retail, Hotel & Restaurant |
258 |
Finance, Insurance & Real Estate |
456 |
Transport, Storage & Communication |
999 |
Other Services |
451 |
Factor Income Paid Abroad |
452 |
Indirect Taxes |
200 |
Factor Income Received From Abroad |
500 |
Subsidies |
- 85 |
Depreciation |
891
|
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