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Youve been given the following data: Net exports Net foreign factor income Investment Government spending Consumption Deprec

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Answer #1

The GDP can be defined the market value of all goods and services which are produced in the domestic territory of the country in the current financial years. GDP by Expenditure method

GDP at MP=C+I+G+(X-M)

=595+195+178+11

=$979

NDP at MP=GDP- depreciation

=979-52

=$927

GNP=GDP+ Net foreign factor income

=979+9

=$988

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