What is the National Income for the below economy? Consumption $400 Imports $10 Net investment $20 Government purchases $100 Exports $20 Capital consumption allowance $20 Statistical discrepancy $6 Receipts of factor income from the rest of the world $10 Payments of factor income to the rest of the world $13
What is the National Income for the below economy? Consumption $400 Imports $10 Net investment $20 Government purchases $100 Exports $20 Capital consumption allowance $20 Statistical discrepancy $6 Receipts of factor income from the rest of the world $10 Payments of factor income to the rest of the world $13
Solution Summary: The author explains that the National Income of the economy is 521.
Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video
Chapter 5, Problem 10E
To determine
What is the National Income for the below economy?
Consumption
$400
Imports
$10
Net investment
$20
Government purchases
$100
Exports
$20
Capital consumption allowance
$20
Statistical discrepancy
$6
Receipts of factor income from the rest of the world
$10
Payments of factor income to the rest of the world
