3. The table below was extracted from the National Income Data of a hypothetical country: Use it to answer the questions that follow. Category Amount (in Billions of Dollars) Durable Goods 659.30 Nonresidential Investment 846.90 Imports 1058.1 Nondurable Goods 1592 Exports 957.10 Changes In Business Inventories 68.40 Local Government Expenditure 928.90 Receipts of factor income from the rest of the world 250 Depreciation 120 Central Government Consumption 523.80 Residential Investment 327.20 Services 3234.50 Payments of factor income to the rest of the world 300 From the data Calculate: a. Personal Consumption b. Gross Private Domestic Investment c. Government Spending d. Net Exports e. GDP f. GNP g. NNP

3. The table below was extracted from the National Income Data of a hypothetical country: Use it to answer the questions that follow. Category Amount (in Billions of Dollars) Durable Goods 659.30 Nonresidential Investment 846.90 Imports 1058.1 Nondurable Goods 1592 Exports 957.10 Changes In Business Inventories 68.40 Local Government Expenditure 928.90 Receipts of factor income from the rest of the world 250 Depreciation 120 Central Government Consumption 523.80 Residential Investment 327.20 Services 3234.50 Payments of factor income to the rest of the world 300 From the data Calculate: a. Personal Consumption b. Gross Private Domestic Investment c. Government Spending d. Net Exports e. GDP f. GNP g. NNP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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