1. The data below contains sufficient hypothetical information for the calculation of the National Income in a certain year for XYZ Country; the inflation rate is given as 30%

for that year. The figures are in million US dollars ($).

Personal Consumption Expenditure 1000

Oil Deposit receipts 500

Monetary Value of Services Sector 900

Indirect Taxes 200

Selling Price of Livestock products 80

Public Authorities’ Spending on Goods and Services 500

Wages and Salaries 900

Market Value of Crops 400

Value of Output produced by Construction sub-sector 300

Gross Domestic Fixed Capital Formation 800

Income of Self-Employed 300

Monetary Value of Cocoa 200

Bribes received by Government Officials 350

Exports of Goods and Services 400

Rents 500

Monetary Value of products from Fisheries sub-sector 120

Market Value of Mining and Quarrying Outputs 200

Subsidies 200

Property Income received from Abroad 600

Remittances from Abroad 240

Imports of Goods and Services 600

Undistributed Profit 300

Monetary Value of Forestry Outputs 230

Selling Price of Manufacturing Products 190

Interest on Capital 340

Property Income Paid Abroad 800

Fringe Benefits received by Employees 200

Transfer Payments received by Households 150

Monetary Value of Electricity Output
calculate for gross domestic expenditure at factor cost
calculate for net national income at factor cost
calculate for real national income
calculate for real income per capita given that the population for this economy is 30 million
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