Question #90994
The following data relates to market value of economic trasaction for three sectors
sector, agriculture value of output=300,manufacturing value of output=200, services value of output=150. purchases from other firm 160, 150,120. compute gross demestic product, GNP at market price, NNP, at market price, NNP at factor cost, NDP at factor cost
sector, agriculture value of output=300,manufacturing value of output=200, services value of output=150. purchases from other firm 160, 150,120. compute gross demestic product, GNP at market price, NNP, at market price, NNP at factor cost, NDP at factor cost
Expert's answer
GDP = 300 + 200 + 150 + 160 + 150 + 120 = 1080.
To calculate other indicators we need additional information about depreciation, national production abroad and domestic production by foreign countries.
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