Question: ( 3 ) The following table contains data for Robinson Crusoe s Economy for 2 0 1 9 GDP $ 2 0 0 Income earned

(3) The following table contains data for Robinson Crusoes Economy for 2019
GDP $200
Income earned by citizens abroad $9
Income foreigners earn here $7
Depreciation $4
Indirect business taxes $10
Statistical discrepancy $0
Retained earnings $8
Corporate income taxes $12
Social insurance contributions $30
Interest paid to households by government $8
Transfer payments to households from government $55
Personal taxes $60
Nontax payments to government $11
a. Calculate GNP for Robinson Crusoes Economy in 2019.
b. Calculate NNP for Robinson Crusoes Economy in 2019. Is it possible?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!