Question: In 2019, a country in MENA region recorded following macroeconomic information: Consumption Depreciation Retained earnings US$ 250 million 20 12 Gross investment 30 Imports

In 2019, a country in MENA region recorded following macroeconomic information: Consumption Depreciation Retained earnings US$ 250 million 20 12 Gross investment 30 Imports 70 Exports 120 Net foreign factor income 10 Government spending 85 a. How much is GDP? (1 mark) b. How much is net investment? (1 mark) C. How much is national income? (1 mark) d. If all prices were to tripled overnight, what would be the i. Change in real GDP? (1 mark) Change in nominal GDP? (1 mark) Note: SHOW all the necessary calculations, less marks will be given if you failed to show the calculation. Answer

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