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
Chapter4: The Aggregate Economy
Section: Chapter Questions
Problem 6E
Related questions
Question
Please answer 18,19 and 20
![18.
Calculate the gross domestic product for the economy with the following data:
Indicators
Amount (in $)
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
А.
В.
$95
$107
C.
D.
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 added
by 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 applied
A. 1
В.
С.
3
D.
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48b6d298-bf82-4a83-97ad-03d8c4dc45d7%2Fcfbc88c4-bda3-42e2-ad86-9e60bf28e1ec%2Fxps4l2k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:18.
Calculate the gross domestic product for the economy with the following data:
Indicators
Amount (in $)
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
А.
В.
$95
$107
C.
D.
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 added
by 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 applied
A. 1
В.
С.
3
D.
4
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