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1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION --- $2000, INVESTMENT .. $320
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Answer #1

Answer : 1) A) GDP = Consumption + Investment + Government spending + Net export

=> GDP = 2000 + 3200 + 5000 + 6000

=> GDP = $16,200

Therefore, here GDP is $16,200.

B) GNP = GDP + Net factor income from abroad

Here Net factor income from abroad = Money from abroad own by domestic citizens = $4000.

So,

GNP = 16,200 + 4,000

=> GNP = $20,200

Therefore, here GNP is $20,200.

C) Net GDP = GDP - Depreciation

=> Net GDP = 16,200 - 1,000

=> Net GDP = $15,200

Therefore, here Net GDP is $15,200.

D) Net GNP = GNP - Depreciation

=> Net GNP = 20,200 - 1,000

=> Net GNP = $19,200

Therefore, here Net GNP is $19,200.

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