2. Consider the following information about an economy: Private consumption Government saving Taxes Factor income received from abroad Factor payments made to rest of world Export Import Gross national product Transfers Interest on government debt Find the following variables. a. Net export INX). b. Net factor payments (NFP). c. Gross domestic product (GDP). d. Private investment (I). 7,000 -1,000 2,000 500 1,000 1,000 500 12,000 0 0

2. Consider the following information about an economy: Private consumption Government saving Taxes Factor income received from abroad Factor payments made to rest of world Export Import Gross national product Transfers Interest on government debt Find the following variables. a. Net export INX). b. Net factor payments (NFP). c. Gross domestic product (GDP). d. Private investment (I). 7,000 -1,000 2,000 500 1,000 1,000 500 12,000 0 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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