3.ItemsRMMillionGovernmentconconsumption800Private consumption700Government investment150Private investment140Change in stock55Net factor from abroad25Export250Import150Indirect taxes300EPF50Subsidies20SOCSO60Transfer payment50Income tax80Retained earning20Insurance premium30Based on the table above, calculate :-a. Gross Domestic Product at market price (GDPmp)b. Gross National Product at market price (GNPmp)c. Gross National Product (GNPfc) at factor costd. National Incomee. Personal incomef. Disposable personal income

Gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted…

Items RM Million 800 Government consumption Private consumption 700 Government investment 150 Private investment 140 Change in stock 55 Net factor from abroad 25 Export 250 Import 150 Indirect taxes 300 EPF 50 Subsidies 20 SOCSO 60 Transfer payment 50 Income tax 80 Retained earning 20 30 Insurance premium Based on the table above, calculate :- a. Gross Domestic Product at market price (GDPmp) b. Gross National Product at market price (GNPmp) c. Gross National Product (GNP fc) at factor cost d. National Income e. Personal income f. Disposable personal income

Items RM Million 800 Government consumption Private consumption 700 Government investment 150 Private investment 140 Change in stock 55 Net factor from abroad 25 Export 250 Import 150 Indirect taxes 300 EPF 50 Subsidies 20 SOCSO 60 Transfer payment 50 Income tax 80 Retained earning 20 30 Insurance premium Based on the table above, calculate :- a. Gross Domestic Product at market price (GDPmp) b. Gross National Product at market price (GNPmp) c. Gross National Product (GNP fc) at factor cost d. National Income e. Personal income f. Disposable personal income

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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E1
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