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2 Economics The following table gives categories for income and expenditures for a representative country: Net exports of goods and services -550 Net interest paid
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Economics The following table gives categories for income and expenditures for a representative country: Net exports of goods and services -550 Net interest paid by business 440 Government purchases of goods and services 1,650 Gross private domestic investment 2.200 Taxes unrelated to incomes net of subsidies 440 Rental income of individuals plus implicit rent on owner-occupied housing 220 Wages, salaries, employee compensation 6.600 Personal consumption expenses 7,700 Depreciation 880 Proprietorial income 1,100 Corporate profits 1,320 Use the data in the table to calculate Gross Domestic Product (GDP) for this country. GDP is equal to $ Use the data in the table to calculate Net Domestic Product (NDP) for this country. NDP is equal to $Step by Step Solution
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