Answer to Question #90994 in Macroeconomics for ongoro kevin

Question

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

Answer 1

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.