Homework Answers
A. GDP(MP) = Government final consumption expenditure + Private final consumption expenditure + Net Export. + Gross domestic capital formation.
= 218+ 470+(158-132) + 137 = 851
B. NDP (BP)
Basic price is similar to factor cost
NDP (MP) = GDP(MP) - depreciation
= NDP(MP) = 821 - 73 = 718
Now;
NDP (BP) = NDP (MP)– Net indirect taxes (indirect tax – subsidies)
= 718 - 88 = 630
C. NNP(BP) = GDP(MP) - depreciation + Net factor income from abroad – Net indirect taxes
= 851 - 73 - 30-88 = 660
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