Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and depreciation charges are 10 million. Compute the net national product of the country. a. NNP = 70 million O b. NNP = 80 million С. NNP = 60 million O d. NNP = 50 million

Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and depreciation charges are 10 million. Compute the net national product of the country. a. NNP = 70 million O b. NNP = 80 million С. NNP = 60 million O d. NNP = 50 million

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 1SCQ: Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment...

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Question

Suppose, the GDP of a country is 50 million, net
factor income from abroad is 20 million and
depreciation charges are 10 million. Compute the net
national product of the country.
а.
NNP = 70 million
O b. NNP = 80 million
С.
NNP = 60 million
O d. NNP = 50 million

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