Time left 1:52:43 Item € (billion) Government purchases of goods and services 250 Compensation of employees 1,675 Gross investment 325 Rental income 20 Consumption expenditures 1425 Net interest 40 Net exports of goods and 100 services Indirect business taxes and 300 depreciation The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is billion.

Time left 1:52:43 Item € (billion) Government purchases of goods and services 250 Compensation of employees 1,675 Gross investment 325 Rental income 20 Consumption expenditures 1425 Net interest 40 Net exports of goods and 100 services Indirect business taxes and 300 depreciation The above table shows some (but not all) national income accounting data for a hypothetical country. According to these data, the value of GDP is billion.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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