Question
Given the following data for an economy:
National Income: $700 billion Depreciation: $50 billion Indirect taxes minus subsidies: $30 billion Net factor income from abroad: $10 billion Calculate the GDP at market prices.Solution
GDP = NNP at factor cost + depreciation + Indirect taxes minus subsidies - Net factor income from abroad = 700+50+30-10 = 770 Note – National income is represented by NNP at factor cost and is therefore used directly in the above equation to calculate GDP.
More Research Questions
30% of 40% of 120% of 3500 = ? × 63
((67)32 × (67)-18 / ? = (67)⁸
Find the value of (x + y)² - (x - y)², where x = 15 and y = 7.
1500 ÷ 15 + 1000 ÷ √100 + ? = 250 * 3
- Simplify the following expression:
666(2/3)% of 30 - 116(2/3)% of 90 =?
What will come in the place of question mark (?) in the given expression?
?% of 2480 + 15 × 34 = 1440
(3/7) x 868 + 25% of 240 = (? + 65)
- Determine the final value of this expression:
(1/5) of {5⁴ - 24 × 14 + 12 × 18 - 10.5 of 10²} (? + 16) × 12 + 25% of 840 = 252 + 5
