You've been given the following data:

Net non-business interest income 27

Government purchases 600

Gross private investment 500

Depreciation 10

Net exports -50

Personal consumption 2,500

Foreign factor income earned domestically 320

Income from foreign domestic factor sources 300

On the basis of these data calculate GDP, NDP, and GNP.

Question

You've been given the following data:

Net non-business interest income	27
Government purchases	600
Gross private investment	500
Depreciation	10
Net exports	-50
Personal consumption	2,500
Foreign factor income earned domestically	320
Income from foreign domestic factor sources	300

On the basis of these data calculate GDP, NDP, and GNP.

Quizplus · Accepted Answer

The Answer of You've been given the following data:

Net non-business interest income	27
Government purchases	600
Gross private investment	500
Depreciation	10
Net exports	-50
Personal consumption	2,500
Foreign factor income earned domestically	320
Income from foreign domestic factor sources	300

On the basis of these data calculate GDP, NDP, and GNP.

You've Been Given the Following Data