1. The following data represents the national income account for a country for 2017. All figures are in RM million

Compensation Of Employee                        588 888

Household consumption expenditure           258431

Tax On Employment                                     70 667

Government Finał Purchases                       85 773

Transfer Payment                                         53 274

Domestic Private Gross Investment             71 394

Corporate Profits                                          177 821

Dividend Payment                                            9 247

Corporate Profit Taxes                                    85 354

 Indirect Taxes                                                67 980

Government Subsidy                                      5 762

Exports                                                           107 506

imports                                                            112 030

Income Received From Abroad                        21 030

Income Paid Abroad                                         15 510

Using the expenditure approach, calculate the following:

1. Gross Domestic Product at market price
2. Gross domestic product at factor cost
3. Gross National Product at factor cost
4. National Income
5. If the price index for 2017 is equal to 135, calculate the real GDP for that year

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Answer 1 GDP MP Household consumption expenditure Government f... View the full answer