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Mon 4 May, 2020 05:29 pm
Kofinatland is a hypothetical economy with the following economic indicators:
• Size of population: 8 million
• GDP at market price (GDP at m.px.): US $570 billion
• Subsidies: US $50 billion
• Interest paid by consumers: US $27 billion
• Employees contribution to social insurance: US $200 billion
• Net factor income from abroad (NFYFA): US $200 billion
• Capital consumption allowance (CCA): US $80 billion
• Human development index (HDI): 0.91
• Indirect taxes on goods and services (ITGS): US $120 billion
• Life expectancy rate: 87 years
• Government transfer payment: US $71.5 billion
• Factor income of foreigners in the economy (FYF): US $80 billion
• Natural population growth rate: 0.5%.
Determine the economy’s:
i. Net national product at market cost (NNP at m.px)
ii. Net national product at factor cost (NNP at f.c.)
iii. Factor income of nationals abroad (FYN).
iv. GDP per capita (note to use the GDP at m. px. in your calculation).
thanks.
@DannieAnnie8,
Just in case someone is interested, is there a question in there?
@roger,
The last 5 lines seem to be poorly formed questions.