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a. Using the above data, determine GDP by both the expenditures and the income approaches. Then determine NDP.
GDP is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. Since net domestic product is gross domestic product less depreciation, in determining net domestic product through the expenditures approach it would…

be appropriate to use the net investment measure that excludes depreciation, that is, net private domestic investment. (a) GDP = $388, NDP = $362 (b) NI = $399 (c) PI = $291 (d) DI = $265



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