Question: step by step explanations and list formula used beforehand please! Use the data to calculate the following: (a)GDP ( Hint : use the balance between

step by step explanations and list formula used beforehand please!

Use the data to calculate the following:

  1. (a)GDP (Hint: use the balance between sources and uses)
  2. (b)Net domestic product at market price

(c) Net national disposable income at market price

(d) Labour income as a share of gross value added at basic price

(e) Gross and net capital income as a share of gross value added at basic price

step by step explanations and list formula used beforehand please!Use the data

Even more GDP calculations. Data for Smalland can be found in the table below. Variable Amount Private consumption 50 Government consumption 23 Private investment 20 Government investment 3 Exports 36 Imports 32 Primary income from Raw 5 Primary income to RoW 2 Taxes less subsidies on products 10 Net transfers from RoW 0 Capital stock 200 Depreciation rate 7.5% Labour income 60 Net interest paid from gov't to private sector 1 Gov't income from private sector (taxes, etc.) minus transfers 24

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