Business, 04.10.2021 19:20 landonreed5803
The following table shows the national income data for an economy in year 2020.
ITEM RM (million)
Wholesale and Retail 11 700
Mining and Gas 7 200
Construction 22 105
Manufacturing 15 705
Agriculture and Forestry 11 000
Banking and Insurance 15 000
Factor Payment from Abroad 5 280
Other Services 2 250
Indirect Taxes 650
Factor Payment to Abroad 6 820
Capital consumption 370
a. Based on the above data calculate:
i. Gross Domestic Product at market price
ii. Gross National Product at factor cost
iii. National Income
b. Name the approach used in this national income calculation.
c. List down TWO (2) uses of national income statistics.
Answers: 3
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The following table shows the national income data for an economy in year 2020.
ITEM RM (million)<...
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