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Homework answers / question archive / The data below contains sufficient hypothetical information for the calculation of the National Income in a certain year for XYZ Country; the inflation rate is given as 30% for that year

The data below contains sufficient hypothetical information for the calculation of the National Income in a certain year for XYZ Country; the inflation rate is given as 30% for that year

Finance

The data below contains sufficient hypothetical information for the calculation of the National Income in a certain year for XYZ Country; the inflation rate is given as 30% for that year. The figures are in million US dollars ($). Personal Consumption Expenditure 1000 Oil Deposit receipts 500 Monetary Value of Services Sector 900 Indirect Taxes 200 Selling Price of Livestock products 80 Public Authorities’ Spending on Goods and Services 500 Wages and Salaries 900 Market Value of Crops 400 Value of Output produced by Construction sub-sector 300 Gross Domestic Fixed Capital Formation 800 Income of Self-Employed 300 Monetary Value of Cocoa 200 Bribes received by Government Officials 350 Exports of Goods and Services 400 Rents 500 Monetary Value of products from Fisheries sub-sector 120 Market Value of Mining and Quarrying Outputs 200 Subsidies 200 Property Income received from Abroad 600 Remittances from Abroad 240 Imports of Goods and Services 600 Undistributed Profit 300 Monetary Value of Forestry Outputs 230 Selling Price of Manufacturing Products 190 Interest on Capital 340 Property Income Paid Abroad 800 Fringe Benefits received by Employees 200 Transfer Payments received by Households 150 Monetary Value of Electricity Output 430 2 Monetary Value of Water and Sewerage 350 Net Domestic Fixed Capital Formation 700 Calculate the following: a) Gross Domestic Expenditure at factor cost b) Net National Income at factor cost c) Real National Income d) Real Income per capita given that the population for this economy is 30 million.

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