Use the following to answer questions 1-4 Gross private domestic investment $46

Question

Use the following to answer questions 1-4
Gross private domestic investment $46
Exports of the US 9
DISPOSABLE INCOME 190
personal saving 10
government purchases 84
net foreign factor income earned in the US 10
consumption of fixed capital 52
dividends 13
imports of the US 12
indirect business taxes 22
personal taxes 38
social security contributions 23

1. what is the GDP
2.what is the net domestic product
3. what is the national income
4.if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year ?

Thank you.

Explanation / Answer

1)GDP = private consumption + gross investment + government spending + (exports - imports) 2)The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods

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