You've Been Given the Following Data On the Basis of These Data Calculate GDP,NDP,and GNP

question 78

Essay

You've been given the following data:
$\begin{array}{|l|l|}\hline \text { Net non-business interest income } & 27 \\\hline \text { Government purchases } & 600 \\\hline \text { Gross private investment } & 500 \\\hline \text { Depreciation } & 10 \\\hline \text { Net exports } & -50 \\\hline \text { Personal consumption } & 2,500 \\\hline \text { Foreign factor income earned domestically } & 320 \\\hline \begin{array}{l}\text { Income from foreign domestic factor } \\\text { sources }\end{array} & 300 \\\hline\end{array}$ On the basis of these data calculate GDP,NDP,and GNP.

---

Definitions:

Propositions

Statements or assertions that express judgments or opinions, which can be either true or false.

Rhetoric

The art of effective or persuasive speaking or writing, especially the use of figures of speech and other compositional techniques.

Well-crafted Argument

A logical and coherent presentation of ideas, supported by evidence, leading to a convincing conclusion.

Causal Argument

An argument that claims something is (or is not) the cause of something else.