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1, Refer to Table 3. The value for GDP in millions of dollars is GDP = C + I + G + x - M C = DPI - Saving = 3250 - 900 = 2350 Gross investment = net investment + depreciation = 1785 + 775 = 2560 GDP = 2350 +2560 +3370 +960 – 350 = 8890
2. Refer to Table 3, The value for GNP in millions of dollars is GNP = GDP + Net payments of factor income to the rest of the world = 8890 + (- 890) = 8890 – 890 = 8000
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2. Refer to Table 3, The value for GNP in millions of dollars is GNP = GDP + Net payments of factor income to the rest of the world = 8890 + (- 890) = 8890 – 890 = 8000
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