The following table contains data for Chereaux for the year 2019.CategoryTable 24-1GDPIncome earned by citizens abroadIncome foreigners earn hereLosses from depreciationIndirect business taxesStatistical discrepancyRetained earningsCorporate income taxesSocial insurance contributionsInterest paid to households bygovernmentTransfer payments to households fromgovernmentPersonal taxesNontax payments to governmentRefer to Table 24-1. Gross national product for Chereaux in 2019 isa. $186.b. $214.c. $204.In Billions ofDollars$200$9$5$6$10$0$8$12$30$8$55$60$11

Gross national product refers to the total value of all goods and services produced by the citizen…

b. $214. c. $204. The following table contains data for Chereaux for the year 2019. Category Table 24-1 GDP Income earned by citizens abroad Income foreigners earn here Losses from depreciation Indirect business taxes Statistical discrepancy Retained earnings Corporate income taxes Refer to Table 24-1. Gross national product for Chereaux in 2019 is a. $186. Social insurance contributions Interest paid to households by government Transfer payments to households from government Personal taxes Nontax payments to government In Billions of Dollars $200 $9 $5 $6 $10 $0 $8 $12 $30 $8 $55 $60 $11

b. $214. c. $204. The following table contains data for Chereaux for the year 2019. Category Table 24-1 GDP Income earned by citizens abroad Income foreigners earn here Losses from depreciation Indirect business taxes Statistical discrepancy Retained earnings Corporate income taxes Refer to Table 24-1. Gross national product for Chereaux in 2019 is a. $186. Social insurance contributions Interest paid to households by government Transfer payments to households from government Personal taxes Nontax payments to government In Billions of Dollars $200 $9 $5 $6 $10 $0 $8 $12 $30 $8 $55 $60 $11

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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