Solved

The Table Given Below Reports the Value of Different Economic

Question 8

Multiple Choice

The table given below reports the value of different economic variables of a country during a year.
Table 5.4
 GNP Data  (Adjusted for net factor ıˊcome from abroad)   Net Investment $400 Capital Consumption Allowance $800 Indirect Business Taxes $600 U.S. Exports $200 U.S. Imports $300 Government Purchases $150 Consumption Spending $2,030\begin{array}{c}\text { GNP Data }\\\text { (Adjusted for net factor ícome from abroad) }\\\begin{array}{|l|l|}\hline \text { Net Investment } & \$ 400 \\\hline \text { Capital Consumption Allowance } & \$ 800 \\\hline \text { Indirect Business Taxes } & \$ 600 \\\hline \text { U.S. Exports } & \$ 200 \\\hline \text { U.S. Imports } & \$ 300 \\\hline \text { Government Purchases } & \$ 150 \\\hline \text { Consumption Spending } & \$ 2,030 \\\hline\end{array}\end{array}
-Refer to Table 5.4. Calculate the national income of this country.


A) $1,880
B) $2,480
C) $3,280
D) $3,880
E) $4,280

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions