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Table 1 national accounting data Capital depreciation $950 Change in business inventory 50 Compensation of employees 5000 Corporate prot 800 Durable goods 600 Exports 100

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Table 1 national accounting data Capital depreciation $950 Change in business inventory 50 Compensation of employees 5000 Corporate prot 800 Durable goods 600 Exports 100 Factor payments from the rest of the world 360 Factor payments to the rest of the wortd 300 Farm income 300 Gross private domestic investment 1000 Government spending 300 Imports 150 Net interest 500 Nondurable goods 2000 Nonfarm income 1'00 Proprietors' income 1000 Rental income 100 Services 4000 (a) Using the data given in Table 1. calculate the country's gross domestic product (GDP) by both expenditure methods and income methods, and net domestic product (NDP), gross national product (GNP) and net national product (NNP) . (b) Using the data given in Table 1. work out its net exports. Is there a trade surplus or decit in its current account

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