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16 Gwen the following information, calculate a Gross domestic

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16. Gwen the following information, calculate: a. Gross
domestic product b. Net domestic product c. Net national
income Government purchases S 500 Wages, salaries, and
supplementary labour income S2000 Depreciation (capital
consumption allowances) S 400 Gross investment S 800
Consumption S2000 Exports 51600 imports Si 650 lndirect
business taxes less subsidies S 150
Solution
A. Gross Domestic Product = Consumption + Income +
Investment + Govt. Spending + (Export - Import)
GDP = 2,000 + 2,000 + 800 + 500 - 50
GDP = $5,250
B. Net Domestic Product: GDP - Depreciation
NDP = 5,250 - 400 = $4,850
C. Net National Income:
NNI= NDP - Indirect Taxes
NNI = 4,850 - 150 = $4,700

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16. Gwen the following information, calculate: a. Gross domestic product b. Net domestic product c. Net national income Government purchases S 500 Wages, salaries, and supplementary labour income S2000 Depreciation (capital consumption allowances) S 400 Gross investment S 800 Consumption S2000 Exports 51600 imports Si 650 lndirect business taxes less subsidies S 150 Solution A. Gross Domestic Product = Consumption + Income + Investment + Govt. Spending + (Export - Import) GDP = 2,000 + 2,000 + 800 + 500 - 50 GDP = $5,250 B. Net Domestic Product: GDP - Depreciation NDP = 5,250 - 400 = $4,850 ...
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