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Suppose the following are national accounting data for a given year for Malaysia (hypothetical data).

                                                                  Amount

                                                                  (Billions of RM)

Consumption of fixed capital                            285

Gross private domestic investment                    725

Government consumption expenditures            720

Government investment expenditures               165

Imports                                                               -550

Exports                                                               625

Household consumption expenditure                3010

Net property income paid overseas                    -35

(a) Calculate GDP and the country's gross national expenditure using the expenditure approach; 

(b) Derive the country's gross national product (GNP);

(c) Derive the country's net national product (NNP);

(d) Derive the country's current account balance;

(e) Derive the country's gross national savings.

Macroeconomics, Economics

  • Category:- Macroeconomics
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