Question: uestion The table below shows the national income data Of a country with a population Of 40 million. l_Jsing the information in the table


uestion The table below shows the national income data Of a country with a population Of 40 million. l_Jsing the information in the table below, answer the following questions. Items Wa es and salaries Ex rt Wholesale and retail 1m ort Public consum ion Subsidies and financial aid Government ex nditure Co orate investment Net ro income from abroad Based on the data given above: a) b) c) Calculate the value of GDP using expenditure approach. Calculate GDP per capita? Differentiate Real GDP and Nominal GDP RM (million) 35 20 13 10 30 5 24 40 15 (6 Marks) (1 Mark) (3 Marks)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
