You have been appointed chief economist of a small economy of Uhuru. Use the information below which relates to Uhuru in 2020 and answer the questions that follow: National Income Accounting Totals in...


hi please can you assist with 3.4


You have been appointed chief economist of a small economy of Uhuru. Use the information<br>below which relates to Uhuru in 2020 and answer the questions that follow:<br>National Income Accounting Totals in Uhuru for 2020<br>R (millions)<br>Consumption<br>86 495<br>Gross Capital Formation<br>9 897<br>Government spending<br>12 458<br>Net exports<br>8 891<br>Primary income payments to the rest of the world<br>2 154<br>Primary income receipts<br>924<br>Consumption of fixed capital<br>165<br>Subsidies<br>325<br>Taxes<br>467<br>Q.3.4<br>Besides the method used in Q.3.1, mention two other methods that can be used<br>to calculate gross domestic product.<br>Briefly describe each of these methods.<br>

Extracted text: You have been appointed chief economist of a small economy of Uhuru. Use the information below which relates to Uhuru in 2020 and answer the questions that follow: National Income Accounting Totals in Uhuru for 2020 R (millions) Consumption 86 495 Gross Capital Formation 9 897 Government spending 12 458 Net exports 8 891 Primary income payments to the rest of the world 2 154 Primary income receipts 924 Consumption of fixed capital 165 Subsidies 325 Taxes 467 Q.3.4 Besides the method used in Q.3.1, mention two other methods that can be used to calculate gross domestic product. Briefly describe each of these methods.

Jun 11, 2022
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