(a) Describe the output method of measuring the gross domestic product of a country. [6 marks] (b) How is the net national product at factor cost obtained f...

Question 1 Report

(a) Describe the output method of measuring the gross domestic product of a country. [6 marks]

(b) How is the net national product at factor cost obtained from gross domestic product? [8 marks]

(c) State two problems associated the output method. [6 marks]