From the following data, calculate Gross National Product at Market Pr

1.	From the following data, calculate Gross National Product at Market Price by: (a) Income method (b) Expenditure method 1.Mixed income of self employed4002.Compensation of employeees5003.Private final conosumption expenditure9004.Net factor income from abroad−205.Net indirect taxes1006.Consumption of fixed capital1207.Net domestic capital formation2808.Net exports−309.Profits35010.Rent11.Interest15012.Government final consumption expenditure450––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– OR Categorise the following as final and intermediate good. Give reasons: (a) Machine purchased by a household (b) Machine purchased by a firm (c) Machine purchased for resale purpose
Answer» From the following data, calculate Gross National Product at Market Price by: (a) Income method (b) Expenditure method $\begin{matrix} 1. & Mixed income of self employed & 400 2. & Compensation of employeees & 500 3. & Private final conosumption expenditure & 900 4. & Net factor income from abroad & - 20 5. & Net indirect taxes & 100 6. & Consumption of fixed capital & 120 7. & Net domestic capital formation & 280 8. & Net exports & - 30 9. & Profits & 350 10. & Rent 11. & Interest & 150 12. & Government final consumption expenditure & 450 \end{matrix} - ----------------------------------------------------------- -$ OR Categorise the following as final and intermediate good. Give reasons: (a) Machine purchased by a household (b) Machine purchased by a firm (c) Machine purchased for resale purpose

From the following data, calculate Gross National Product at Market Price by: (a) Income method (b) Expenditure method 1.Mixed income of self employed4002.Compensation of employeees5003.Private final conosumption expenditure9004.Net factor income from abroad−205.Net indirect taxes1006.Consumption of fixed capital1207.Net domestic capital formation2808.Net exports−309.Profits35010.Rent11.Interest15012.Government final consumption expenditure450––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– OR Categorise the following as final and intermediate good. Give reasons: (a) Machine purchased by a household (b) Machine purchased by a firm (c) Machine purchased for resale purpose

Answer»

From the following data, calculate Gross National Product at Market Price by:
(a) Income method
(b) Expenditure method

$\begin{matrix} 1. & Mixed income of self employed & 400 2. & Compensation of employeees & 500 3. & Private final conosumption expenditure & 900 4. & Net factor income from abroad & - 20 5. & Net indirect taxes & 100 6. & Consumption of fixed capital & 120 7. & Net domestic capital formation & 280 8. & Net exports & - 30 9. & Profits & 350 10. & Rent 11. & Interest & 150 12. & Government final consumption expenditure & 450 \end{matrix} - ----------------------------------------------------------- -$

OR

Categorise the following as final and intermediate good. Give reasons:
(a) Machine purchased by a household
(b) Machine purchased by a firm
(c) Machine purchased for resale purpose

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