Use the following information given to answer this question
Total of all expenditure incurred during the year ₤ 80,000m
Indirect taxes on goods and services ₤ 8,000m
Capital consumption ₤ 6,000m
Gross national expenditure at factor cost is_________
Total of all expenditure incurred during the year ₤ 80,000m
Indirect taxes on goods and services ₤ 8,000m
Capital consumption ₤ 6,000m
Gross national expenditure at factor cost is_________
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Correct Answer: Option D
Explanation:
GNP at cost = Expenditure - Depreciation
⇒ 80,000 - 6,000 = ₤ 72,000μ
GNP at cost = Expenditure - Depreciation
⇒ 80,000 - 6,000 = ₤ 72,000μ