Please answer 18,19 and 20 18.Calculate the gross domestic product for the economy with the following data:IndicatorsAmount (in $)Gross investment18Net domestic product105Government purchases20Saving5Personal consumption70expendituresPersonal income85Net exports2National income100$100$110А.В.$95$107C.D.Felix Corporation buys $100,000 of sand, rock, and cement to produce ready mixconcrete. It sells 10,000 cubic yards of concrete at $30 a cubic yard. The value addedby Felix Corporation is:19.А.$300,000.В.$100,000.с.$200,000.D.zero dollars.20.In an open economy _sector model of the national income can be appliedA. 1В.С.3D.4

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18. Calculate the gross domestic product for the economy with the following data: Indicators Amount (in S) Gross investment 18 Net domestic product 105 Government purchases 20 Saving 5 Personal consumption 70 expenditures Personal income 85 Net exports 2 National income 100 $100 $110 A. В. C. D. $95 $107 Felix Corporation buys $100,000 of sand, rock, and cement to produce ready mix concrete. It sells 10,000 cubic yards of concrete at $30 a cubic yard. The value adde by Felix Corporation is: 19. А. $300,000. В. $100,000. C. $200,000. D. zero dollars. 20. In an open economy sector model of the national income can be applied А. 1 В. С. 3 D. 4

18. Calculate the gross domestic product for the economy with the following data: Indicators Amount (in S) Gross investment 18 Net domestic product 105 Government purchases 20 Saving 5 Personal consumption 70 expenditures Personal income 85 Net exports 2 National income 100 $100 $110 A. В. C. D. $95 $107 Felix Corporation buys $100,000 of sand, rock, and cement to produce ready mix concrete. It sells 10,000 cubic yards of concrete at $30 a cubic yard. The value adde by Felix Corporation is: 19. А. $300,000. В. $100,000. C. $200,000. D. zero dollars. 20. In an open economy sector model of the national income can be applied А. 1 В. С. 3 D. 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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