GDP for Wakanda was $156 billion. • Firms owned 100% by foreigners earned $3 billion in Wakanda. • Firms owned 100% by Wakandan's earned $4.5 billion in foreign countries. Based on this information, what is Wakandan GNP (a.k.a. GNI) in billions of dollars? Important: Round to two decimal places and do not enter the currency symbol. If GNP is $1,125,000,000 (e., 1.125 billion dollars), enter 1.13. 157.5

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter34: International Finance
Section: Chapter Questions
Problem 4WNG
icon
Related questions
Question
GDP for Wakanda was $156 billion.
• Firms owned 100% by foreigners earned $3 billion in Wakanda.
• Firms owned 100% by Wakandan's earned $4.5 billion in foreign countries.
Based on this information, what is Wakandan GNP (a.k.a. GNI) in billions of dollars?
Important: Round to two decimal places and do not enter the currency symbol. If GNP is
$1,125,000,000 (ie, 1.125 billion dollars), enter 1.13.
157.5
Transcribed Image Text:GDP for Wakanda was $156 billion. • Firms owned 100% by foreigners earned $3 billion in Wakanda. • Firms owned 100% by Wakandan's earned $4.5 billion in foreign countries. Based on this information, what is Wakandan GNP (a.k.a. GNI) in billions of dollars? Important: Round to two decimal places and do not enter the currency symbol. If GNP is $1,125,000,000 (ie, 1.125 billion dollars), enter 1.13. 157.5
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Components of GDP
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning