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1 markNational Income Accounting

CSEC Economics · May/June 2010 · Paper 2 · Question 4(b)

State the information that is needed to calculate national income at market prices, apart from the information provided in Table 1 above.

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Other parts of this question

  1. 4(a)(i)Define the term 'Gross capital fixed formation'.[2 marks]
  2. 4(a)(ii)Define the term 'Net property income from abroad'.[2 marks]
  3. 4(c)Discuss TWO factors that can cause the Gross National Product (GNP) of a country to be greater than the Gross Domestic Product (GDP).[6 marks]
  4. 4(d)Calculate the Gross National Product for Country X using the information in Table 1 above.[4 marks]

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