3. The table below was extracted from the National Income Data of a hypothetical country: Use it to answer the questions that follow. Category Amount (in Billions of Dollars) Durable Goods 659.30 Nonresidential Investment 846.90 Imports 1058.1 Nondurable Goods 1592 Exports 957.10 Changes In Business Inventories 68.40 Local Government Expenditure 928.90 Receipts of factor income from the rest of the world 250 Depreciation 120 Central Government Consumption 523.80 Residential Investment 327.20 Services 3234.50 Payments of factor income to the rest of the world 300 From the data Calculate: a. Personal Consumption b. Gross Private Domestic Investment c. Government Spending d. Net Exports e. GDP f. GNP g. NNP
3. The table below was extracted from the National Income Data of a hypothetical country: Use it to answer the questions that follow. Category Amount (in Billions of Dollars) Durable Goods 659.30 Nonresidential Investment 846.90 Imports 1058.1 Nondurable Goods 1592 Exports 957.10 Changes In Business Inventories 68.40 Local Government Expenditure 928.90 Receipts of factor income from the rest of the world 250 Depreciation 120 Central Government Consumption 523.80 Residential Investment 327.20 Services 3234.50 Payments of factor income to the rest of the world 300 From the data Calculate: a. Personal Consumption b. Gross Private Domestic Investment c. Government Spending d. Net Exports e. GDP f. GNP g. NNP
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
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Question
a,b,c,d,e,f,g
Transcribed Image Text:3. The table below was extracted from the National Income Data of a hypothetical country:
Use it to answer the questions that follow.
Category
Amount (in Billions of Dollars)
Durable Goods
659.30
Nonresidential Investment
846.90
Imports
1058.1
Nondurable Goods
1592
Exports
957.10
Changes In Business Inventories
68.40
Local Government Expenditure
928.90
Receipts of factor income from the rest of the world
250
Depreciation
120
Central Government Consumption
523.80
Residential Investment
327.20
Services
3234.50
Payments of factor income to the rest of the world
300
From the data Calculate:
a. Personal Consumption
b. Gross Private Domestic Investment
c. Government Spending
d. Net Exports
e. GDP
f. GNP
g. NNP
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