Answer to Question #134599 in Macroeconomics for ayurna

Question

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

3.2. Calculate the value of Net National Product (NNI) at market prices

3.3. Calculate the value of Net National Income (NNI) at factor cost.
NOTE bn = Billion

Answer 1

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