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    Principles of Macroeconomics Study Set 11
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    Exam 6: Measuring National Output and National Income
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    If NNP Is $7 Trillion, Net Investment Is $500 Billion
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If NNP Is $7 Trillion, Net Investment Is $500 Billion

Question 30

Question 30

Essay

If NNP is $7 trillion, net investment is $500 billion and gross investment is $1 trillion determine the level of GNP.

Correct Answer:

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GNP = NNP + depreciation; depr...

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