Suppose that you are given the following data for the country of Barackville: consumption 11,500 net factor
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Question:
Suppose that you are given the following data for the country of Barackville:
consumption 11,500 net factor income from abroad 300
wages 8,300 interest payments 1,900
investment 2,600 capital consumption allowance 2,500
exports 2,300 government spending on goods 3,100
imports 2,800 and services
profits 3,000 rental payments 500
From the data provided, find
a. GDP using the expenditure approach.
b. GNP and NNP.
c. NI using the income approach.
d. statistical discrepancy.
e. GDP using the income approach.
(HINT: Trumpland is similar to the US economy for 2015, in billions of dollars.)
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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