Question 1
If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is
◦ $160 billion.
◦ $210 billion.
◦ $220 billion.
◦ $240 billion.
Question 2
If GDP is $500 billion and depreciation is $40 billion, then net national product
◦ is $460 billion.
◦ is $500 billion.
◦ is $540 billion.
◦ cannot be determined from this information.