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If GNP is $500 billion, receipts of factor income from the rest of the world are $15 billion, and ...

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If GNP is $500 billion, receipts of factor income from the rest of the world are $15 billion, and ...

Question 1.

If gross investment in 2016 is $525 billion and depreciation in 2016 is $650 billion, net investment in 2016 is

▸ -$650 billion.

▸ -$125 billion.

▸ $125 billion.

▸ $1,175 billion.

Question 2.

If GNP is $500 billion, receipts of factor income from the rest of the world are $15 billion, and payments of factor income to the rest of the world are $5 billion, then GDP is

▸ $480 billion.

▸ $490 billion.

▸ $510 billion.

▸ $520 billion.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 60 times

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