Data $Billions Government purchases of goods 1,000 Payments of factor income to the rest of the...

Data	$Billions
Government purchases of goods	1,000
Payments of factor income to the rest of the world	60
Imports	250
Change in business inventories	40
Durable goods	250
Nondurable goods	650
Exports	150
Residential investment	150
Local government purchases	350
Depreciation	60
Receipts of factor income to the rest of the world	80
Indirect taxes	70
Subsidies	30

Determine: By showing calculation

i) The value of Gross Private Domestic Investment

ii) The value of GDP using the Expenditure approach

iii) The value of NDP

iv) The value of Net Exports

v) The value of GNP

vi) The value of NNP

vii) The value of National Income

Expert Solution

Rahul Sunny answered 2 years ago

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