Value of net domestic product

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Reference no: EM138298

A. If GDP = $500; Consumption (C) = $350; Transfers minus Taxes (TR - TA) = $20; Investment (I) = $150; and the Budget Deficit (BD) = $120; what is the dollar value of Net Exports (NX)?

B. Assume the following national income data (in billions $):

Consumption $900
Transfers 40
Investment 300
Net exports -31
Government purchases 410
Capital consumption (Depr.) 120
Indirect business taxes 95

What is the value of net domestic product (NDP)? What is the value of national income (NI)?

Reference no: EM138298

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