Suppose the nation of Utopia has the following national income and product accounts. Depreciation 50 Exports 65 GDP 500 Gross Private Domestic Investment 90 Government Purchases of goods & services 100 Government transfer payments 80 Imports 75 Income paid to foreigners for their contribution to domestic output 15 Income received by citizens for factors of production supplied abroad 20 a. What are Personal Consumption Expenditures? b. What is GNP? c. What is Net Private Domestic Investment?

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A:

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