Below are some national income data (all figures in $ billions): Imports $30 29 Exports Personal savings Disposable income Government purchases of goods and services Depreciation Gross investment Indirect taxes (less subsidies) 30 210 104 72 66 42 Other income not paid out to persons 43 Net foreign factor income +2 Refer to the information above to answer this question. What is the value of gross domestic product?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Fast please!!!!

Below are some national income data (all figures in $ billions):
Imports
Exports
Personal savings
Disposable income
Government purchases of goods and services
Depreciation
$30
29
30
210
104
72
Gross investment
66
Indirect taxes (less subsidies)
42
Other income not paid out to persons
43
Net foreign factor income
+2
Refer to the information above to answer this question. What is the value of gross domestic
product?
Transcribed Image Text:Below are some national income data (all figures in $ billions): Imports Exports Personal savings Disposable income Government purchases of goods and services Depreciation $30 29 30 210 104 72 Gross investment 66 Indirect taxes (less subsidies) 42 Other income not paid out to persons 43 Net foreign factor income +2 Refer to the information above to answer this question. What is the value of gross domestic product?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Regression Model
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education