Calculate net domestic product at factor cost. calculate, Ask an Expert

Economics

The table below sets out some data for Country X in 2007.

Item Amount
(in billions of dollars)
Consumption expenditure 289
Government expenditure 99
Interest and investment income 33
Profit of corporations and
government enterprises 65
Income from farms and
unincorporated businesses 40
Gross investment 146
Exports 36
Imports 22
Wages, salaries, and supplementary
labor income 275
Capital consumption allowance 60
Indirect taxes less subsidies 75

a. find out net exports.

b. Use the expenditure approach to find out GDP.

c. Use the income approach to find out GDP.

d. find out net domestic product (at factor cost).

e. find out net domestic income (at market price).

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M923861

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