Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following data about the U.S. Economy, what is National Income (NI)? Consumption 400 billion Depreciation 40 billion Retained Earnings 15 billion Gross Investment

Given the following data about the U.S. Economy, what is National Income (NI)? Consumption 400 billion Depreciation 40 billion Retained Earnings 15 billion Gross Investment 50 billion Imports 80 billion Exports 60 billion Net foreign factor income 20 billion Government purchases 75 billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Management And Organisational Behaviour

Authors: Laurie Mullins

7th Edition

0273688766, 978-0273688761

Students also viewed these Economics questions

Question

If you do not have a grade structure, could it help?

Answered: 1 week ago

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago