### Instructions: Use the following data to answer the questions below.| **Category** | **Billions of Dollars** ||---------------------------|-----------------------|| Consumption | $200 || Depreciation | 20 || Retained earnings | 12 || Gross investment | 30 || Imports | 60 || Exports | 50 || Net foreign factor income | 10 || Government purchases | 80 |### Instructions: Enter your responses as a whole number.#### a. How much is GDP?\[ \boxed{\$ \underline{\hspace{3cm}} \text{ billion}} \]#### b. How much is net investment?\[ \boxed{\$ \underline{\hspace{3cm}} \text{ billion}} \]#### c. How much is national income?\[ \boxed{\$ \underline{\hspace{3cm}} \text{ billion}} \]

The measure of the total monetary valuation of all final products produced within a country's…

Use the following data to answer the questions below: Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases Instructions: Enter your responses as a whole number. a. How much is GDP? $ billion $ b. How much is net investment? Billions of Dollars $200 20 12 30 60 50 10 80 billion c. How much is national income? billion

Use the following data to answer the questions below: Category Consumption Depreciation Retained earnings Gross investment Imports Exports Net foreign factor income Government purchases Instructions: Enter your responses as a whole number. a. How much is GDP? $ billion $ b. How much is net investment? Billions of Dollars $200 20 12 30 60 50 10 80 billion c. How much is national income? 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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Step 1: Defining National Income

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Step 3: Computing Net Investment

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