Refer to the table given. The gross national product (GNP) in billions of TL is .TL BillionsGovernment purchasesServices consumptionReceipts of factor income from the rest of the worldNonresidential investment100050030650ExportsDurable goods consumptionChange in business inventoriesImportsNondurable goods consumptionPayments of factor income to the rest of the worldResidential investment5030040200600502003120342032203060

GNP = Government Purchases + Service Consumption + Non Residential Investment + (Export - Import) +…

given. The gross national product (GNP) in billions of TL is .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 1000 500 30 650 50 300 40 200 600 50 200 O3120 3420 3220 3060

given. The gross national product (GNP) in billions of TL is .. TL Billions Government purchases Services consumption Receipts of factor income from the rest of the world Nonresidential investment Exports Durable goods consumption Change in business inventories Imports Nondurable goods consumption Payments of factor income to the rest of the world Residential investment 1000 500 30 650 50 300 40 200 600 50 200 O3120 3420 3220 3060

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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