Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

consumption $400 imports $10 net investment $20 government purchases $100 exports $20 Capital consumption allowance $20 statistical discrepancy $5 receipts of factor income from the

consumption $400
imports $10
net investment $20
government purchases $100
exports $20
Capital consumption allowance $20
statistical discrepancy $5
receipts of factor income from the rest of the world $12
payments of the factor income to the rest of the world $10


what is the GDP for this economy?
what is the GNP for this economy?
what is the NNP for this economy?
what is the national income for this economy?
what is the gross investment in for this economy?

Step by Step Solution

3.43 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

iGDP for this economy GDP C G I NX Inet investmentCapit... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of economics

Authors: N. Gregory Mankiw

6th Edition

978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042

More Books

Students also viewed these Economics questions

Question

Is there administrative support?

Answered: 1 week ago

Question

List and describe the three functions of money.

Answered: 1 week ago