Econ GNP

Econ GNP

Multiple Choice

Select your answer

• 1600

• 1300

• 1500

• 1900

Multiple Choice

The difference between GDP and GNP is

• taxation and subsidies

• net property income from abroad

• imports and exports

• capital consumption

Fill in the Blanks

GDP using the expenditure approach. Calculate at GNP:

Consumer expenditure $1050

Government Final Expenditure $600

Exports $850

Imports $950

Gross Fixed Capital Formation (Investment) $500

Taxes $500

Subsidies$50

Net Income from abroad $60

Fill in the Blanks

Using the answer from the previous question and Depreciation (Capital Consumption) amounting to $120. Calculate National Income or NNP: