Calculation of national income

1. Calculate GDP and GNI from the following data:

1. Private final consumption expenditure ( C ) 12,272

2. General government final consumption expenditure ( G) 2,572
3. Gross capital formation. ( I ) 3,632
4. Export of goods and services ( X ) 2,253
5. Import of goods and services ( M ) 2,782
7. Income from abroad 1,805
8. Income sent abroad 3,121

Answers:
GDP = C + G + I + (X - M)
GDP = 12,272 + 2,572 + 3,632 + (2,253 - 2,782)
GDP = 17,947

GNI = GDP + (Income from abroad - Income sent abroad)

GNI = 17,947+ (1,805 - 3,121)
GNI = 16,631

2. Calculate real GDP deflator and real GDP from the following data:

3930/100=39.3 100

4011/102=39.3 100+2=102

4202/103.5=40.5 100+1.5+2=103.5

4335/100.6=43 103.5-2.9=100.6

4299/100.1=42.9 100.6-0.5=100.1