ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Hello. Can you please assist on the follwing question below.

You have been appointed chief economist of a small economy of Uhuru. Use the information below which relates to Uhuru in 2020 and answer the questions that follow:

National income Accounting Total in uhuru for 2020 R (millions)
Consumption 86 495
Gross capital formation 9 897
Government spending 12 458
Net exports 8 891
Primary income payments to the rest of the world  2 154
Primary income receipts  924
Consumption of fixed capital 165
Subsidies 325
Taxes 467
   

Q.1 Calculate the gross domestic product (GDP) at market prices for Uhuru in 2020.

Q.2 Calculate the net domestic product at market prices for Uhuru in 2020.

Q.3 Calculate the net national product at factor cost for Uhuru for 2020.

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