sing the following information, calculate the Net Domestic Product at Factor Cost: Government Final Consumption Expenditure                                    100 Net Indirect Tax                                                                                    80 Private Final Consumption Expenditure                                             300 Consumption of Fixed Capital                                                              20 Gross Domestic Fixed Capital Formation                                             50 Net import                                                                                           10 Closing stock                                                                                        25 Opening Stock                                                                                      25 a. 410 b. 340 c.

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.3P
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Using the following information, calculate the Net Domestic Product at Factor Cost:

Government Final Consumption Expenditure                                    100

Net Indirect Tax                                                                                    80

Private Final Consumption Expenditure                                             300

Consumption of Fixed Capital                                                              20

Gross Domestic Fixed Capital Formation                                             50

Net import                                                                                           10

Closing stock                                                                                        25

Opening Stock                                                                                      25

a.

410

b.

340

c.

380

d.

420

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