You've Been Given the Following Data

question 26

Essay

You've been given the following data:

Net non-business interest income	27
Government purchases	600
Gross private investment	500
Depreciation	10
Net exports	-50
Personal consumption	2,500
Foreign factor income earned domestically	320
Income from foreign domestic factor sources	300

On the basis of these data calculate GDP, NDP, and GNP.

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Definitions:

Liquidity

A measure of how easily assets can be converted into cash without significant loss of value.

Supplier

A party that provides goods or services to another entity, typically in a B2B (business-to-business) relationship.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated by dividing current assets by current liabilities.

Asset Turnover Ratio

A financial metric that measures how efficiently a company uses its assets to generate sales revenue.