Suppose you are given the following data for a particular economy (unit: Millions of Euros): Gross National Income mp (GNImp) =1650 Investment (I) = 220 (Iliq) Net investment = 210 Private consumption(C) =1100 Net External Income (NEI) = 0 Net Indirect Taxes (NIT) = 231 Public Spending (G) = 363 Calculate: a) Balance of Goods and Services or Net Exports (NX) and Amortizations/Depreciations (A). b) Net National Product at Base Prices (NNPbp) and Net Domestic Product at Base Prices (NDPbp)
Suppose you are given the following data for a particular economy (unit: Millions of Euros): Gross National Income mp (GNImp) =1650 Investment (I) = 220 (Iliq) Net investment = 210 Private consumption(C) =1100 Net External Income (NEI) = 0 Net Indirect Taxes (NIT) = 231 Public Spending (G) = 363 Calculate: a) Balance of Goods and Services or Net Exports (NX) and Amortizations/Depreciations (A). b) Net National Product at Base Prices (NNPbp) and Net Domestic Product at Base Prices (NDPbp)
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 1SQ
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Question
Suppose you are given the following data for a particular economy (unit:
Millions of Euros):
Gross
Investment (I) = 220
(Iliq) Net investment = 210
Private consumption(C) =1100
Net External Income (NEI) = 0
Net Indirect Taxes (NIT) = 231
Public Spending (G) = 363
Calculate:
a) Balance of Goods and Services or Net Exports (NX) and Amortizations/
b) Net National Product at Base Prices (NNPbp) and Net Domestic Product at Base Prices (NDPbp)
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