4. Compute the Gross National Product (GNP) in I. Income approach II. Expenditure Approach a. Government R.O 5500 b. Total Rent of the land R.O 3000 c. Export R.O 6500 d. Wages R.O 4000 e. Amount of Interest on capital R.O 3600 f. Consumption R.O 5100 g. Profits R.O 4800 h. Investments R.O 3400 i. Import R.O 6300

4. Compute the Gross National Product (GNP) in I. Income approach II. Expenditure Approach a. Government R.O 5500 b. Total Rent of the land R.O 3000 c. Export R.O 6500 d. Wages R.O 4000 e. Amount of Interest on capital R.O 3600 f. Consumption R.O 5100 g. Profits R.O 4800 h. Investments R.O 3400 i. Import R.O 6300

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Time left 1:52:43 Item € (billion) 10 12 13 Government purchases of goods and services 250 19 22 Compensation of employees 1,675 Gross investment 325 Finish attempt.. Rental income 20 1425 Consumption expenditures Net interest 40 Net exports of goods and 100 services Indirect business taxes and 300 depreciation The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is billion. O €1,850. O €2,100. O €2,000. O €2,050. 21 11 20
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