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trancy trancy
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4 years ago

Question 1.

If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is



▸ $160 billion.

▸ $210 billion.

▸ $220 billion.

▸ $240 billion.

Question 2.

If GDP is $500 billion and depreciation is $40 billion, then net national product



▸ is $460 billion.

▸ is $500 billion.

▸ is $540 billion.

▸ cannot be determined from this information.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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gturgtur
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4 years ago
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4 years ago
Helped a lot
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