Question
Given the following data for an economy:
National Income: $700 billion Depreciation: $50 billion Indirect taxes minus subsidies: $30 billion Net factor income from abroad: $10 billion Calculate the GDP at market prices.Solution
GDP = NNP at factor cost + depreciation + Indirect taxes minus subsidies - Net factor income from abroad = 700+50+30-10 = 770 Note – National income is represented by NNP at factor cost and is therefore used directly in the above equation to calculate GDP.
Statements: A$K; E#N; K@E
Conclusions:
I) A$N
II) A@N
Statements: O > P ≥ S = V > N; O ≤ G < D; N < Y > C
Conclusions: I. G > V   II. C ≤ O
Statements: C > E > Y > U ≤ O ≥ P = V
Conclusion
I: O > E
II: U > C
Statements: P ≥ Q = S; T > U > R ≥ Q; V = W < U
Conclusions:
I. P > U
II. R < V
III. T < S
Statement: Y < Z > I < Q > S = M ≤ N
Conclusions:
I. S= N
II. Q > M
Statements: H ≥ I > J, K > J, L = M ≥ J
Conclusions:
I. L > K
II. H > J
Statements : I @ L © R * A $ MÂ
Conclusions :Â
I. R * MÂ
II. A % LÂ
III. A % I
Statements: M ≤ N > O; P > M; Q < R < P
Conclusions:
I. M < P
II. O < P
Which of the following symbols should be placed in the blank spaces, respectively ( in the same order from left to right ) in order to complete the giv...
Statements:
A ≥ T > I, D > I, U = P ≥ I
Conclusions:
I. U > D
II. A > I
