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The table shows some of the items in an economys National Income and Product Accounts. Amount (trillions of dollars) Calcula

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Answer:

GDP ($ trillion) = Consumption + Investment + Government expenditure + Net exports = 7.7 + 1.6 + 2.0 - 0.5 = 10.8

GDP - GNP ($ trillion) = 10.8 - 11 = -0.2 trilllion

National income(NI) = GNP- depreciation

= $(11 – 1.3) trillion= $ 9.7 trillion

GNP – NI= 11 – 9.7 = 1.3 trillion

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