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Urgent Using this data please calculate the GDP in million dollars and the GNI in million dollars. Thankyou. Use the following hypothetical country's national income
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Using this data please calculate the GDP in million dollars and the GNI in million dollars.
Thankyou.
Use the following hypothetical country's national income and product accounts data in 2021 to answer questions 8 - 9. - Consumption (personal consumption expenditures): 600 million dollars - Investment (gross private domestic investment): 200 million dollars - Government consumption (government expenditures): 150 million dollars - Exports of goods and services: 47 million dollars - Imports of goods and services: 63 million dollars - Net factor income from abroad: 35 million dollars - Net unilateral transfers: 11 million dollars - Capital account balance: 3 million dollars - Valuation effects: 0 million dollars - Statistical discrepancy: 0 million dollars - External wealth at the beginning of the year 2021: 6,000 million dollarsStep by Step Solution
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