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To answer Questions #1 and #2 use the following information, concerning the nominal GDP (in trillions of dollars) for the nation state of Annaland in
To answer Questions #1 and #2 use the following information, concerning the nominal GDP (in trillions of dollars) for the nation state of Annaland in 2018: Consumption = $7.4; Investment = $2.6; Exports = $1.4; Imports = $2.1; and Government purchases 2.0; Wages and salaries = $5.6; Corporate Profit and Proprietors Income = $2.2; Rent = $1.0; and Certain taxes, depreciation, and statistical discrepancy = $2.4. From this information it follows that nominal GDP in 2018 was:
1. Nominal GDP was __________ 2. Interest income was________
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