Given the following information:a. Transfer Payments = $54%3Db. Interest Income (i) = $150%3Dc. Depreciation = $36%3Dd. Wages (W) = $67e. Gross Private Investment = $124f. Business Profits (PR) = $200%3Dg. Indirect Taxes = $74h. Rental Income (R) =$75i. Net Exports = $18%3Dj. Net Foreign Factor Income = $12%3Dk. Government Purchases = $156I. Household Consumption = $304Calculate GDP at MP, GDP at FC using the two approaches and NNP atFC.

Nation Income or GDP at Market price Gross private investment = 124 Net export =18 Government…

Given the following information: a. Transfer Payments = $54 %3D b. Interest Income (i) = $150 c. Depreciation = $36 %3D d. Wages (W) = $67 e. Gross Private Investment = $124 f. Business Profits (PR) = $200 g. Indirect Taxes = $74 %3D h. Rental Income (R) =$75 i. Net Exports = $18 %3D j. Net Foreign Factor Income = $12 %3D k. Government Purchases = $156 I. Household Consumption = $304 Calculate GDP at MP, GDP at FC using the two approaches and NNP at FC.

Given the following information: a. Transfer Payments = $54 %3D b. Interest Income (i) = $150 c. Depreciation = $36 %3D d. Wages (W) = $67 e. Gross Private Investment = $124 f. Business Profits (PR) = $200 g. Indirect Taxes = $74 %3D h. Rental Income (R) =$75 i. Net Exports = $18 %3D j. Net Foreign Factor Income = $12 %3D k. Government Purchases = $156 I. Household Consumption = $304 Calculate GDP at MP, GDP at FC using the two approaches and NNP at FC.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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