Economics National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and quarrying 1500 Education 400 Military 6000 Telecommunication 850 Net payment from abroad 450000 Capital consumption 50000 Tourism 900 Electricity, gas, and water 6400 Indirect tax 510 Subsidies 500 Wages and salary -54000 What would be the GDP MP? (a) 26000 (b) 26050 (c) 27800 (d) 29100
Economics National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and quarrying 1500 Education 400 Military 6000 Telecommunication 850 Net payment from abroad 450000 Capital consumption 50000 Tourism 900 Electricity, gas, and water 6400 Indirect tax 510 Subsidies 500 Wages and salary -54000 What would be the GDP MP? (a) 26000 (b) 26050 (c) 27800 (d) 29100
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Economics
National Income Statistics for ABC in 2022
ITEMS
MILLION
Agriculture
10000
Mining and quarrying
1500
Education
400
Military
6000
Telecommunication
850
Net payment from abroad 450000
Capital consumption
50000
Tourism
900
Electricity, gas, and water
6400
Indirect tax
510
Subsidies
500
Wages and salary
-54000
What would be the GDP MP?
(a) 26000
(b) 26050
(c) 27800
(d) 29100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F859f5022-67fe-480d-a272-69344729b199%2F610b4d13-172d-4e5d-a869-9ccff77e7720%2F02jr7vg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
National Income Statistics for ABC in 2022
ITEMS
MILLION
Agriculture
10000
Mining and quarrying
1500
Education
400
Military
6000
Telecommunication
850
Net payment from abroad 450000
Capital consumption
50000
Tourism
900
Electricity, gas, and water
6400
Indirect tax
510
Subsidies
500
Wages and salary
-54000
What would be the GDP MP?
(a) 26000
(b) 26050
(c) 27800
(d) 29100
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
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.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
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)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
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-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education