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4 marksNational Income Accounting

CSEC Economics · May/June 2014 · Paper 2 · Question 4(d)

Table 3 lists economic statistics for Country Y.

Calculate the Gross Domestic Product (GDP) for Country Y using the expenditure approach.

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Other parts of this question

  1. 4(a)Define the term 'economic goals'.[2 marks]
  2. 4(b)List THREE economic goals of a government.[3 marks]
  3. 4(c)Explain TWO disadvantages of using Gross Domestic Product (GDP) as a measure of standard of living.[6 marks]

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