If GNP is $600 billion, receipts of factor income from the rest of the world are $50 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is Select one: O a. $620 billion. O b. $680 billion. O c. $520 billion. O d. $580 billion.

If GNP is $600 billion, receipts of factor income from the rest of the world are $50 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is Select one: O a. $620 billion. O b. $680 billion. O c. $520 billion. O d. $580 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If GNP is $600 billion, receipts of factor income from the rest of the world are $50 billion, and
payments of factor income to the rest of the world are $30 billion, then GDP is
Select one:
O a. $620 billion.
O b. $680 billion.
O c. $520 billion.
O d. $580 billion.

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