Given the following data, calculate Net Domestic Product (NDP) at market prices: Gross National Product at market prices = US\$ 85,000 Depreciation = US $3,000 Net factor income from abroad = US\$ 2,000

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
icon
Related questions
Question

(J) Question 2 Given the following data, calculate Net Domestic Product (NDP) at market prices: Gross National Product at market prices
=
US\$ 85,000 Depreciation
=
US
$3,000
Net factor income from abroad = US\$ 2,000

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Gross Domestic Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co