Question: Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market pricesNet primary income payments to the rest of the worldIndirect

Use the information in the table below to answer Q.3.1 to Q.3.3: *GDP at market prices*Net primary income payments to the rest of the worldIndirect taxesSubsidiesR397bn R37bnR23bn R11bn

Consumption of fixed capital R32bn Q.3.1 Calculate the value of gross national income (GNI) at market prices. (3) Q.3.2 Calculate the value of net national product (NNI) at market prices. (3) Q.3.3 Calculate the value of net national income (NNI) at factor cost. (3) Q.3.4 Identify the two major accounts of the balance of payments and explain the key (4) difference between the two accounts. Q.3.5 Define the term, "inflation" and indicate the index that is used to measure the rate (2) of inflation

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Question: Use the information in the table below to answer Q.3.1 to Q.3.3: *GDP at market prices*Net primary income payments to the rest of the worldIndirect

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Question: Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market pricesNet primary income payments to the rest of the worldIndirect