Assume the following: Government purchases is $120 billion, Depreciation $40 billion, Consumption $400 billion, Business Investment $60 billion, Exports $100 billion, Imports $120 billion, Income...

Assume the following: Government purchases is $120 billion, Depreciation $40 billion,<br>Consumption $400 billion, Business Investment $60 billion, Exports $100 billion, Imports<br>$120 billion, Income receipts from rest of the world $10 billion, and Income payments to rest<br>of the world $8 billion<br>i. Required:<br>a. What is the value of GDP?<br>b. What is the value of net exports?<br>c. What is the value of NNP?<br>

Extracted text: Assume the following: Government purchases is $120 billion, Depreciation $40 billion, Consumption $400 billion, Business Investment $60 billion, Exports $100 billion, Imports $120 billion, Income receipts from rest of the world $10 billion, and Income payments to rest of the world $8 billion i. Required: a. What is the value of GDP? b. What is the value of net exports? c. What is the value of NNP?

Jun 10, 2022

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Assume the following: Government purchases is $120 billion, Depreciation $40 billion, Consumption $400 billion, Business Investment $60 billion, Exports $100 billion, Imports $120 billion, Income...

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