In the table below, you are given data for the country of Sequoia. Exports Consumption Gross investment Depreciation 152 460 134 70 Government spending Imports Net foreign factor income Indirect taxes a. The value of GDP at market prices is $ b. The value of NDP at basic prices is $ c. The value of net national product at basic prices (i.e. national income) $ 212 128 -28 86
In the table below, you are given data for the country of Sequoia. Exports Consumption Gross investment Depreciation 152 460 134 70 Government spending Imports Net foreign factor income Indirect taxes a. The value of GDP at market prices is $ b. The value of NDP at basic prices is $ c. The value of net national product at basic prices (i.e. national income) $ 212 128 -28 86
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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