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Answer to Question #134261 in Macroeconomics for lesego

Question #134261
Use the information in the table below to answer Q.3.1 to Q.3.3:
GDP at market prices R397bn
Net primary income payments to the rest of the world R37bn
Indirect taxes R23bn
Subsidies R11bn
Consumption of fixed capital R32bn
Q.3.1 Calculate the value of gross national income (GNI) at market prices
1
Expert's answer
2020-09-23T10:35:13-0400

GNI= GDP + Net payments to the world + Taxes - Subsidies - Consumption of fixed assets

= R (397 + 37 + 23 - 11 - 32) bn

= R 414bn


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