Shown below is the Gross Domestic Product (GDP) of a small economy by category of expenditure:

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answerhappygod
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Shown below is the Gross Domestic Product (GDP) of a small economy by category of expenditure:

Post by answerhappygod »

Shown below is the Gross Domestic Product (GDP) of a small
economy by category of
expenditure:



J$
(million)
Consumer expenditure

2 800
Government final consumption

750
Gross domestic fixed capital formation
700
New housing


80
Export of goods and services

880
Import of goods and services
1
000
Taxes on expenditure

700
Receipt of factor income from rest of the world
400
Subsidies


120
Payment of factor income to the rest of the world 300
Capital consumption

350
A. Calculate:
i. Net export (2 marks)
ii. GDP at market price (3 marks)
iii. GDP at factor cost (3 marks)
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