Based on the tables below, answer the questions posed. Component of Gross Domestic Product (GDP) RM million Consumption on durable and non-durable goods 1,600 Consumption of services 700 Residential and non-residential investment 860 Change in inventories – 50 Corporate profit 610 Export 370 Import 230 Receipt of factor income from the rest of the world 840 Payment of factor income to the rest of the world 770 a) Calculate the Gross Domestic Product (GDP) using the expenditure approach.

Based on the tables below, answer the questions posed. Component of Gross Domestic Product (GDP) RM million Consumption on durable and non-durable goods 1,600 Consumption of services 700 Residential...

Based on the tables below, answer the questions posed.

Component of Gross Domestic Product (GDP)	RM million
Consumption on durable and non-durable goods	1,600
Consumption of services	700
Residential and non-residential investment	860
Change in inventories	– 50
Corporate profit	610
Export	370
Import	230
Receipt of factor income from the rest of the world	840
Payment of factor income to the rest of the world	770

a) Calculate the Gross Domestic Product (GDP) using the expenditure approach.

Jun 10, 2022

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