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Using the data below given in millions of $US compute GDP national income and net domestic product Corporate profits 1200 Gross private domestic investment

Using the data below (given in millions of $U.S.), compute GDP, national income, and net domestic product. Corporate profits……………………………… 1,200 Gross private domestic investment…………… 2,000 Consumption of nondurable goods…………… 3,000 Exports………………………………………… 1,200 Proprietors’ income……………………………. 900 Taxes, imports, and miscellaneous adjustments.. 800 Consumption of services……………………….. 4,000 Net interest……………………………………... 550 Compensation of employees……………………. 7,000 Change in inventories…………………………... 80 Imports…………………………………….......... 1,800 Rental income…………………………………… 150 Government spending…………………………… 2,000 Consumption of durable goods………………….. 1,000 Capital consumption allowance………………….. 1,500

May 26 2020 View more View Less

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