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:
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
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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