Answered: Assume that GDP at market price is 650…

Assume that GDP at market price is 650 million, factor income received from abroad is 180 million, factor income paid to abroad is 140 million. Determine the GNP at market price? 690 780 890

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 13SQ

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Question

Assume that GDP at market price is 650 million, factor income received from abroad is 180 million, factor income paid to abroad
is 140 million. Determine the GNP at market price?
690
780
890
None of the given choices

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