Answered: If the net national Product at market…

If the net national Product at market price is 320 billion and the net current transfer receipt from the rest of the world is 240 billion what would be the net national disposable income?

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 13SQ

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Question

If the net national Product at market price is 320 billion and the net current transfer receipt from the rest of the world is 240 billion what would be the net national disposable income?

Definition Definition Monetary value of all goods and services produced in an economy during a financial year. National income also refers to the total income earned by the factors of production during a financial year.

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