Solved

You've Been Given the Following Data On the Basis of These Data Calculate GDP,NDP,and GNP

Question 18

Essay

You've been given the following data:
 Net non-business interest incame 27 Government purchases 600 Gros5 private investment 500 Depreciation 10 Net exgarts 50 Persanal consumption 2,500 Foreign factar incame eaned domestically 320 Income fom fareipn domestic factor saurces 300\begin{array} { | l | l | } \hline \text { Net non-business interest incame } & 27 \\\hline \text { Government purchases } & 600 \\\hline \text { Gros5 private investment } & 500 \\\hline \text { Depreciation } & 10 \\\hline \text { Net exgarts } & - 50 \\\hline \text { Persanal consumption } & 2,500 \\\hline \text { Foreign factar incame eaned domestically } & 320 \\\hline \text { Income fom fareipn domestic factor saurces } & 300 \\\hline\end{array} On the basis of these data calculate GDP,NDP,and GNP.

Correct Answer:

verifed

Verified

(1)GDP = C + I + G + (X - M)= ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions