Thursday 10 January 2013

How to calculate GDP, GNP and NNP / National Income



Assignment 1                                    National Income

ITEMS
RM Million
Subsidies
4,500
Factor payments received from abroad
10,000
Manufacturing
7,000
Public investment
50,000
Exports
77,000
Consumption expenditure
15,500
Private investment
14,000
Imports
75,000
Depreciation
5,000
Increase in inventory
400
Tax on expenditure(Indirect tax)
1,500
Factor payments paid abroad
12,000
                                                                                                                                  
Calculate using the above data:
1.       GDP at market price (GDP mp)
2.       GDP at factor cost (GDP fc)
3.       GNP at factor cost (GNP fc)
4.       NNP at factor cost (National Income)





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