Homework Answers
1.(a) GDP = C+I+G+NX
= $(600+50+80+70-60) billion
= $ 740 billion
(b) Net investment = Gross investment - depreciation
= $(50-28) billion
= $22 billion
(c) National income = GDP + net factor income from abroad - depreciation
= $(740+ 18-28) billion
= $ 730 billion
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