Author Question: If GDP is $500 billion and depreciation is $40 billion, then net national product (Read 67 times)

fox · **on:** Apr 19, 2019

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.

Jayson · **Reply #1 on:** Apr 19, 2019

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fox · **Reply 2 on:** Apr 19, 2019

Gracias!

connor417

Thanks for the timely response, appreciate it