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

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 5SCQ: Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is...
icon
Related questions
Question
3.
Items
RM
Million
Government
con
consumption
800
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
Insurance premium
30
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 (GNPfc) at factor cost
d. National Income
e. Personal income
f. Disposable personal income
Transcribed Image Text:3. Items RM Million Government con consumption 800 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 Insurance premium 30 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 (GNPfc) at factor cost d. National Income e. Personal income f. Disposable personal income
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Ordinary and Capital gains
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
ECON MICRO
ECON MICRO
Economics
ISBN:
9781337000536
Author:
William A. McEachern
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning