FileToolsViewEXERCISE 2 FOR NATIONAL INCOME [Compatibility Mode] - WordQUESTION 21i. Gross domestic product at factor cost.The following data refers to the National Income of Country XYZ for January 2020.11i. National income.Table 2: National Income Data for Country XYZ in January 2020ITEMSUSDMILLIONHousehold consumption3,500iv. Personal income.Private investment3,000Government expenditure2,250Еxport3,500Import750v. Disposable income.Factor income received from abroad1500Factor income paid abroad3750Taxes on expenditure2250Subsidiesb. List FOUR (4) problems calculating national income.2000Depreciation800Transfer payments1250Corporate income taxes850Retained earnings650Employees Provident Fund80Social Security Contributions550Personal income taxes1750End of documentIa. Calculate:i. Gross domestic product (GDP) at market price.Screens 3-4 of 4100% FileToolsViewEXERCISE 2 FOR NATIONAL INCOME [Compatibility Mode] - WordElectricity, gas, and water64,000Indirect tax36,000KUPTMSubsidies220,000Wages and salaryKOLEJ UNIVERSITI POLY-TECH MARA KUALA LUMPUR-32,000ЕСОЗ033/ ЕСO201 - ЕCONOMICSCalculate:EXERCISE FOR CHAPTER 6: NATIONAL INCOMEi.Gross domestic product (GDP) at market price.QUESTION 1Table 1 shows the national income for Zimbabwe in December 2020.11.Gross national product (GNP) at market price.Table 1: National Income Statistics for Zimbabwe in December 2020.ITEMSRM MILLIONAgriculture48,000Mining and quarrying10,000iii.111.Gross national product (GNP) at factor cost.Education12,000Military64,000Telecommunication84,000Net payment from abroad240,000iv.National incomeCapital consumption60,000Tourism92,000Screens 1-2 of 4100%

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Electricity, gas, and water 64,000 Indirect tax 36,000 KUPTM Subsidies 220,000 -32,000 KOLJ UNVERSm POLTECH MARA KUALA LUMPU Wages and salary ECO3033/ ECO201 - ECONOMICS Calculate: EXERCISE FOR CHAPTER 6: NATIONAL INCOME i. Gross domestic product (GDP) at market price. QUESTION 1 Table 1 shows the national income for Zimbabwe in December 2020. ii. Gross national product (GNP) at market price. Table 1: National Income Statistics for Zimbabwe in December 2020. ITEMS RM MILLION Agriculture 48,000 Mining and quarrying 10,000 ii. Gross national product (GNP) at factor cost. Education 12,000 Military 64,000 Telecommunication 84,000 Net payment from abroad 240,000 iv. National income Capital consumption 60,000 Tourism 92,000

Electricity, gas, and water 64,000 Indirect tax 36,000 KUPTM Subsidies 220,000 -32,000 KOLJ UNVERSm POLTECH MARA KUALA LUMPU Wages and salary ECO3033/ ECO201 - ECONOMICS Calculate: EXERCISE FOR CHAPTER 6: NATIONAL INCOME i. Gross domestic product (GDP) at market price. QUESTION 1 Table 1 shows the national income for Zimbabwe in December 2020. ii. Gross national product (GNP) at market price. Table 1: National Income Statistics for Zimbabwe in December 2020. ITEMS RM MILLION Agriculture 48,000 Mining and quarrying 10,000 ii. Gross national product (GNP) at factor cost. Education 12,000 Military 64,000 Telecommunication 84,000 Net payment from abroad 240,000 iv. National income Capital consumption 60,000 Tourism 92,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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