The data below shows the components of country A’s national income in 2015. S/NO ITEMS IN MILLION GHȼ I Net Domestic Capital Formation 500 II Compensation of Employees 1850 III Depreciation 100 IV Government Final Consumption Expenditure 1100 V Private  Final Consumption Expenditure 2600 VI Rent 500 VII Dividend 200 VIII Interest 650 IX Net Export -100 X Profit 1100 XI Net Factor Income From Abroad -50 XII Indirect Tax 250 XIII Subsidies 200   Using the expenditure and the income based approaches, calculate  Gross domestic product at market price Gross national product at market price Gross national product and Net national product at factor cos

Survey of Economics (MindTap Course List)
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Author:Irvin B. Tucker
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Chapter11: Gross Domestic Product
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The data below shows the components of country A’s national income in 2015.

S/NO

ITEMS

IN MILLION GHȼ

I

Net Domestic Capital Formation

500

II

Compensation of Employees

1850

III

Depreciation

100

IV

Government Final Consumption Expenditure

1100

V

Private  Final Consumption Expenditure

2600

VI

Rent

500

VII

Dividend

200

VIII

Interest

650

IX

Net Export

-100

X

Profit

1100

XI

Net Factor Income From Abroad

-50

XII

Indirect Tax

250

XIII

Subsidies

200

 

Using the expenditure and the income based approaches, calculate 

  1. Gross domestic product at market price
  2. Gross national product at market price
  3. Gross national product and Net national product at factor cost                       
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