Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 21, Problem 2.4P
To determine
The error in the
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The table below shows the data for the country of Magnolia. Complete the national income accounting framework by filling in the
missing data.
Remember to enter a minus (-) sign to indicate negative values.
Expenditures
Consumption
Gross investment
Government spending
Net exports
Gross domestic product at market prices
100
Less depreciation
Less indirect taxes (net of subsidies)
Net domestic product at basic prices
+/- net foreign factor income
Net national product at basic prices
320
350
30
260
50
160
70
1100
220
100
-10
780
320
06
160
130
8
The table below shows the data for the country of Magnolia. Complete the national income accounting framework by filling in the
missing data.
Remember to enter a minus (-) sign to indicate negative values.
Expenditures
Consumption
Gross investment
Government spending
Net exports
Gross domestic product at market prices
Less depreciation
Less indirect taxes (net of subsidies)
Net domestic product at basic prices
+/- net foreign factor income
Net national product at basic prices
320
350
30
260
1100
100
50
160
70
220
-10
130
780
320
99
160
Chapter 21 Solutions
Principles of Economics (12th Edition)
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