The following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income Paid Abroad 15 510 Using the expenditure approach, calculate the following: Gross Domestic Product at market price Gross domestic product at factor cost Gross National Product at factor cost National Income If the price index for 2017 is equal to 135, calculate the real GDP for that year PLEASE HELP TO SOLVE THIS QUESTION. YOUR ANSWERS WILL SURELY HELP ME TO UNDERSTAND BETTER. THANKS IN ADVANCE
- The following data represents the
national income account for a country for 2017. All figures are in RM million
Compensation Of Employee 588 888
Household consumption expenditure 258431
Tax On Employment 70 667
Government Finał Purchases 85 773
Transfer Payment 53 274
Domestic Private Gross Investment 71 394
Corporate Profits 177 821
Dividend Payment 9 247
Corporate Profit Taxes 85 354
Indirect Taxes 67 980
Government Subsidy 5 762
Exports 107 506
imports 112 030
Income Received From Abroad 21 030
Income Paid Abroad 15 510
Using the expenditure approach, calculate the following:
Gross Domestic Product at market price- Gross domestic product at factor cost
- Gross National Product at factor cost
- National Income
- If the price index for 2017 is equal to 135, calculate the real GDP for that year
PLEASE HELP TO SOLVE THIS QUESTION. YOUR ANSWERS WILL SURELY HELP ME TO UNDERSTAND BETTER. THANKS IN ADVANCE
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