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Calculating GDP, GNP, Net National Product and National Income

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Calculating GDP, GNP, Net National Product and National Income

Year 1 Year 5

Consumption 600 960
Investment 134 340
Property Income earned overseas 75 120
Property income paid overseas 95 95
Subsidies 55 110
Indirect Taxes 85 150
Exports 80 150
Imports 105 125
Depreciation 70 90
Government Spending 280 270

Calculate for both years :
1. GDP at market prices

2. GNP at market prices

3. GNP at factor cost

4. Net National Product

5. National Income

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Solution Summary

Calculating GDP, GNP, Net National Product and National Income is achieved.

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