If GNP is 675 billion cedis receipt of Factor income from the rest of the world are 50 billion cedis,and payment of Factor income to the rest of the world are 75 billion cedis then GDP is
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It includes the domestic production (GDP) plus the income from abroad (net income from abroad). Net income from abroad is calculated as the difference between the factor income received from the rest of the world and the factor income paid to the rest of the Show more…
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Refer to the information provided in Table 21.8 below to answer the question(s) that follow. Table 21.8 $Billions Depreciation 20 Receipts of factor income from the rest of the world 40 Government purchases 150 Imports 50 Payments of factor income to the rest of the world 40 Net private domestic investment 160 Personal income taxes 80 Personal consumption expenditures 700 Dividends 10 Exports 70 Amount of national income not going to households 30 121) Refer to Table 21.8. The value for GDP in billions of dollars is A) 950. B) 1,030. C) 1,050. D) 1,110.
Jerelyn N.
Use the following information to answer the next question: C = A + .75(Y - T) A = $900 I = $600 G = $400 T = $400 NX = -$200 What is the equilibrium level of real GDP?
Shu N.
Use the table below to calculate GDP. Consumption: 4,900 Investment: 1,300 Transfer payments: 1,050 Government expenditures: 1,200 Exports: 1,050 Imports: 950 Net foreign factor income: 20 7,400 6,200 7,500 8,450
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