Answer to Question #313282 in Macroeconomics for kindye

Question

Based on Above Information calculate

A, Gross Domestic Product

B, Gross National product

C, Net National Income

D, National Income

E, Trade Balance

Answer 1

A, GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).

B, GNP =personal consumption expenditures + private domestic investment + government expenditure + net exports + income earned by residents from overseas investments - income earned within the domestic economy by foreign residents

GNP = C + I + G + X + Z

C, NNI=GDP - Consumption of Fixed Capital + factor income received from abroad.

D, National Income = GDP + Foreign Production by National Residents – Domestic Production by Non-National Residents

NI = C + G + I + X + F – D

E, Trade Balance = Value of Exports − Value of Imports 

Incomplete question