The total consumption expenditure in Polonia during a certain year was $135,000,total expenditure on investment was $44,000,and total expenditure incurred by the government was $50,000.Polonia exported goods worth $10,000 during that year and imported goods and services worth $12,000.Calculate the GNP of Polonia if foreign factors of production added a value of $14,000 to the production of goods and services in Polonia while Polonian workers living abroad added a value of $8,000 to the production process in those countries.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q174: _ is the total value of final
Q175: Scenario: John and Sue are married and
Q176: Scenario: John and Sue are married and
Q177: If the value of the output generated
Q178: What is the relationship between the GDP
Q180: Explain the differences between real GDP and
Q181: Polonia produces two goods,X and Y.The quantity
Q182: Scenario: A country produces only one good.
Q183: Scenario: A country produces only one good.
Q184: The country described in the table below
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents