Given that personal consumption is $100, national saving is $15, net taxes are $10, government purchases...
Given that personal consumption is $100, national saving is $15, net taxes are $10, government purchases are $12, the country’s GNP is
A) $115.
B) $125.
C) $127.
D) $130.
Homework Answers
National saving is investment and so I=15
GDP=C+I+G
=100+15+12
=$127
Since net factor income from abraod is not given. Hence GDP and GNP will be equal.
Hence GNP =$127
Hence option C is the correct answer.
Add Answer to:
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