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2. Consider the following information about an economy: Private consumption Government saving Taxes Factor income received from abroad Factor payments made to rest of world Export Import Gross national product Transfers Interest on government debt Find the following variables. a. Net export INX). b. Net factor payments (NFP). c. Gross domestic product (GDP). d. Private investment (I). 7,000 -1,000 2,000 500 1,000 1,000 500 12,000 0 0

2. Consider the following information about an economy: Private consumption Government saving Taxes Factor income received from abroad Factor payments made to rest of world Export Import Gross national product Transfers Interest on government debt Find the following variables. a. Net export INX). b. Net factor payments (NFP). c. Gross domestic product (GDP). d. Private investment (I). 7,000 -1,000 2,000 500 1,000 1,000 500 12,000 0 0

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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2. Consider the following information about an economy: Private consumption Government saving Taxes Factor income received from abroad Factor payments made to rest of world Export Import Gross national product Transfers Interest on government debt Find the following variables. a. Net export INX). b. Net factor payments (NFP). c. Gross domestic product (GDP). d. Private investment (I). 7,000 -1,000 2,000 500 1,000 1,000 500 12,000 0 0
Transcribed Image Text:2. Consider the following information about an economy: Private consumption Government saving Taxes Factor income received from abroad Factor payments made to rest of world Export Import Gross national product Transfers Interest on government debt Find the following variables. a. Net export INX). b. Net factor payments (NFP). c. Gross domestic product (GDP). d. Private investment (I). 7,000 -1,000 2,000 500 1,000 1,000 500 12,000 0 0
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