Total of all expenditure incurred during the year ₤80,0...
Use the following information given to answer this question
Total of all expenditure incurred during the year ₤80,000 m
Indirect taxes on goods and services ₤8,000m
Capital consumption ₤6,000m
Gross national expenditure at factor cost is_________
₤ 88,000μ
₤ 82,000μ
₤ 74,000μ
₤ 72,000μ
Correct answer is C
GNP at cost = Expenditure - Depreciation
⇒ 80,000 - 6,000 = ₤ 74,000μ
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