Use the following information given to answer this questionTotal of all expenditure incurred during the year ₤80,000 mIndirect taxes on goods and services ₤8,000mCapital consumption ₤6,000mGross national expenditure at factor cost is_________

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________

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_________

The correct answer is C. ₤74,000

GNP at cost = Expenditure - Depreciation

80,000 - 6,000 = ₤74,000