If GDP is $200, income earned by foreign investments is a credit gain of $22, income paid to foreigners is a debit loss of $28, losses from derivatives are $6, and net transfers abroad is a debit loss of $10, calculate Gross National Product (GNP) a) $184 b) $178 c) $194 d) $140 e) $204
If GDP is $200, income earned by foreign investments is a credit gain of $22, income paid to foreigners is a debit loss of $28, losses from derivatives are $6, and net transfers abroad is a debit loss of $10, calculate Gross National Product (GNP) a) $184 b) $178 c) $194 d) $140 e) $204
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 19SQ
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If
a) $184
b) $178
c) $194
d) $140
e) $204
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wouldn't the answer be $184 since you also have to subtract net transfers abroad - debit loss of $10.
(
$200+$22-$28-$10 = $184
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