Consider the following hypothetical data: C = $3,000; I = $1,200; G = $2,000; X - IM = -$500; depreciation = $200; and transfer payments = $800.According to this data, what is net domestic product?

Question

Consider the following hypothetical data: C = $3,000; I = $1,200; G = $2,000; X - IM = -$500; depreciation = $200; and transfer payments = $800.According to this data, what is net domestic product?

Quizplus · Accepted Answer

Net domestic product (NDP) is calculated as C + I + G + (X - IM) + depreciation - transfer payments. Plugging in the given values, we get NDP = $3,000 + $1,200 + $2,000 + (-$500) + $200 - $800 = $5,700.

Consider the Following Hypothetical Data: C = $3,000; I =