Answer to Question #135642 in Macroeconomics for mathakha

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
20 2020
© The Independent Institute of Education (Pty) Ltd 2020
Page 7 of 7
Consumption of fixed capital R32bn
Q.3.1 Calculate the value of gross national income (GNI) at market prices.

Answer 1

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