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Suppose the GDP of a country is 100 million, income received from abroad is 50 million and income paid to abroad is 30 million. Find
Suppose the GDP of a country is 100 million, income received from abroad is 50 million and income paid to abroad is 30 million. Find the GNP of the country. a. GNP = 150 million b. GNP = 120 million C. GNP = 180 million O d. GNP = 130 million Which of the following GDP is calculated at current price level? a. Actual GDP b. Pure GDP c. Nominal GDP O d. Real GDP Which of the following is true about Net Domestic Product? a. GNP deducted with depreciation b. GNP added with net factor income OC. GDP deducted with depreciation O d. GDP added with net factor income
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