Question
Profit Consumption Investment Government spending Net exports Rent Depreciation Net foreign factor income Interest Compensation to employees a. Calculate aggregate output (GPD) and aggregate
Profit Consumption Investment Government spending Net exports Rent Depreciation Net foreign factor income Interest Compensation to employees a. Calculate aggregate output (GPD) and aggregate national income. Aggregate output (GDP): $ Aggregate national income: $ b. Compare the two calculations in a. What is one reason they are not equal? c. Calculate GNP. O GDP must be adjusted for transfer payments. O GDP must be adjusted for income taxes. GDP must be adjusted for net foreign factor income. O GDP must be adjusted for rent. GNP: $ $197 855 695 285 297 32 d. Calculate NDP. 21 8 181 1,732 NDP: $
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a To calculate aggregate output GDP and aggregate national income we sum up the components ...Get Instant Access to Expert-Tailored Solutions
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
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