Year 1Year 6Year 9Government Spending5918521500Subsidies6175100Indirect Taxes8498102Property Income earned overseas7587150Property income paid overseas95100200Imports169256158Exports109120200Depreciation697595Consumption6789871200Investment27437810002. Gross National Product at Market PriceGNP = GDP + Property income eamed overseas- Property income paid overseasYear 1Year 6Year 9

GNP = GDP + Prosperity income earned from overseas - Prosperity income paid from overseas GDP at the…

Year I Year 6 Year 9 Government Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income eamed overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Еxports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 2. Gross National Product at Market Price GNP = GDP + Property income eamed overseas- Property income paid overs Year 1 Year 6 Year 9

Year I Year 6 Year 9 Government Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income eamed overseas 75 87 150 Property income paid overseas 95 100 200 Imports 169 256 158 Еxports 109 120 200 Depreciation 69 75 95 Consumption 678 987 1200 Investment 274 378 1000 2. Gross National Product at Market Price GNP = GDP + Property income eamed overseas- Property income paid overs Year 1 Year 6 Year 9

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.1: National Income Accounting

Problem 1R

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