Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120
What is the country's Gross National (GNP)?
a
$ 3.050
b
$ 2.680
c
$ 2,350
d
$2,100
Explanation
Correct Option
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Discussions (3)
SirClassic
3 years ago
Option C is wrong.
Option A is Right.
GNP = GDP + Net Income from Abroad
GNP = $2,800 + $250
= $3,050
