Profit Consumption Investment Government spending Net exports Rent Depreciation Net foreign factor income Interest Compensation to...
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Profit Consumption Investment Government spending Net exports Rent Depreciation Net foreign factor income Interest Compensation to employees a. Calculate aggregate output (GPD) and aggregate national income. Aggregate output (GDP): $ Aggregate national income: $ b. Compare the two calculations in a. What is one reason they are not equal? c. Calculate GNP. O GDP must be adjusted for transfer payments. O GDP must be adjusted for income taxes. GDP must be adjusted for net foreign factor income. O GDP must be adjusted for rent. GNP: $ $197 855 695 285 297 32 d. Calculate NDP. 21 8 181 1,732 NDP: $ Profit Consumption Investment Government spending Net exports Rent Depreciation Net foreign factor income Interest Compensation to employees a. Calculate aggregate output (GPD) and aggregate national income. Aggregate output (GDP): $ Aggregate national income: $ b. Compare the two calculations in a. What is one reason they are not equal? c. Calculate GNP. O GDP must be adjusted for transfer payments. O GDP must be adjusted for income taxes. GDP must be adjusted for net foreign factor income. O GDP must be adjusted for rent. GNP: $ $197 855 695 285 297 32 d. Calculate NDP. 21 8 181 1,732 NDP: $
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a To calculate aggregate output GDP and aggregate national income we sum up the components ... View the full answer
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