Time left 1:52:43 Item € (billion) Government purchases of goods and services 250 Compensation of employees 1,675 Gross investment 325 Rental income 20 Consumption expenditures 1425 Net interest 40 Net exports of goods and 100 services Indirect business taxes and 300 depreciation The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is billion.

Time left 1:52:43 Item € (billion) Government purchases of goods and services 250 Compensation of employees 1,675 Gross investment 325 Rental income 20 Consumption expenditures 1425 Net interest 40 Net exports of goods and 100 services Indirect business taxes and 300 depreciation The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q5) The following information is extracted from the National Income Accounts of an economy. Particulars ValuesExports of goods and services 130Depreciation 525Government expenditure 450Gross domestic investment 750Imports of goods and services 135Personal consumption expenditure 27,500Find the value of net domestic product
1.
Fruitland has a very simple economy: it produces just apples and oranges. It has no imports and exports.
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