Show expenditure as well as income method... The table below shows the 2021 national account of Westein Republic. Calculate the Gross National Product.AccountsAmount ($)Transfer Payments11,500Interest income37,500Capital Consumption AllowanceWages10,50026,500Gross Investment34.200Business Profits28,000Indirect Business Taxes38,500Rental Income19,500Net Exports7,800Government Purchases51,000Household Consumption67,500Foreign Firms & National48,000Westein Nationals & Firms Abroad90,000

Gross national product is one metric for measuring a nation's economic output. Gross national…

Answered: The table below shows the 2021 national…

The table below shows the 2021 national account of Westein Republic. Calculate the Gross National Product. Accounts Amount (S) Transfer Payments 11,500 Interect i

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

Show expenditure as well as income method...

The table below shows the 2021 national account of Westein Republic. Calculate the Gross National Product.
Accounts
Amount ($)
Transfer Payments
11,500
Interest income
37,500
Capital Consumption Allowance
Wages
10,500
26,500
Gross Investment
34.200
Business Profits
28,000
Indirect Business Taxes
38,500
Rental Income
19,500
Net Exports
7,800
Government Purchases
51,000
Household Consumption
67,500
Foreign Firms & National
48,000
Westein Nationals & Firms Abroad
90,000

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