In 2021 Consumers in Adam Island spent 25M on goods and services, firms invested 10M, government spent
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Question:
- In 2021 Consumers in Adam Island spent 25M on goods and services, firms invested 10M, government spent 15M, exports were 5 million while imports were 25M.
- What is the value for GDP in 2021.
- What is the value of NDP if depreciation was 5M.
- What is the value of Net Investment.
- If Adam Island had an opening capital stock of 15M in 2021 what is the value of the closing capital stock.
- If net earnings from abroad was $10M what was the value of national income. NB National Income = NDP +/- net earnings from abroad.
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