Question
The table below shows the national income accounts for a hypothetical economy Metrica. ($ billions) Corporate income95Exports70Wages and salaries520Net international income to the rest of
The table below shows the national income accounts for a hypothetical economy Metrica.
($ billions)Corporate income95Exports70Wages and salaries520Net international income to the rest of the world4Gross investment146Government purchases171Indirect taxes70Personal consumption459Imports25Depreciation72Proprietors' income and rents52Statistical discrepancy?
a. The income-based estimate of Metrica's GDP is $billion.
b. The expenditure-based estimate of Metrica's GDP is $billion.
c. The value of the statistical discrepancy which is added to the lower estimate and subtracted from the higher estimate to find a single GDP value is $billion.
d. Metrica's GDP is $billion.
e. Metrica's capital stock(Click to select)
contracted
expanded
by $billion.
f. Metrica's GNI is $billion. This means that income earned by the residents of other countries for their involvement in production in Metrica is(Click to select)
less
greater
than income earned by residents of Metrica for their involvement in production in the rest of the world.
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