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Given the Following Information,calculate NDP and National Income: GDP =

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Essay

Given the following information,calculate NDP and national income: GDP = $6 trillion,indirect business taxes = $400 billion,and depreciation = $500 billion.


Definitions:

Extra Funds

Additional money available beyond what is necessary for regular expenses, which can be saved or invested.

Input Costs

Expenses that are incurred in order to produce goods or services.

Beverages

Liquid drinks, which can be alcoholic or non-alcoholic, consumed for refreshment or pleasure.

Appetizers

Small dishes served before the main meal to stimulate the appetite.

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