Use the following data to answer the questions below: Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases Instructions: Enter your responses as a whole number. a. How much is GDP? $ billion $ b. How much is net investment? Billions of Dollars $200 20 12 30 60 50 10 80 billion c. How much is national income? billion

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter8: Aggregate Demand And The Powerful Consumer
Section8.A: National Income Accounting
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Use the following data to answer the questions below:
Category
Consumption
Depreciation
Retained earnings
Gross investment
Imports
Exports
Net foreign factor income
Government purchases
a. How much is GDP?
Instructions: Enter your responses as a whole number.
$
$
billion
b. How much is net investment?
$
Billions of Dollars
$200
20
12
30
60
billion
c. How much is national income?
billion
50
10
80
Transcribed Image Text:Use the following data to answer the questions below: Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases a. How much is GDP? Instructions: Enter your responses as a whole number. $ $ billion b. How much is net investment? $ Billions of Dollars $200 20 12 30 60 billion c. How much is national income? billion 50 10 80
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