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Calculate the gnp per capital of the country

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A newly industrialized country with a population of 40 million people, had its national income estimates during the year 2009 as follows:

                                          Value in Kshs (million)

Exports                                        250000

Consumption expenditure              624000

Investment                                  300000

Government spending                   416000

Imports                                       210000

Depreciation                                10000

Net indirect taxes                         50000

Required:

a) (i) Calculate the GNP per capital of the country

ii) Discuss the limitations of using GNP per capita in measuring the standard of living of accounts

b) Outline five problems that are encountered in measuring National income in your country.

Reference no: EM132838385

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