A. If GDP = $500; Consumption (C) = $350; Transfers minus Taxes (TR - TA) = $20; Investment (I) = $150; and the Budget Deficit (BD) = $120; what is the dollar value of Net Exports (NX)?
B. Assume the following national income data (in billions $):
Consumption $900
Transfers 40
Investment 300
Net exports -31
Government purchases 410
Capital consumption (Depr.) 120
Indirect business taxes 95
What is the value of net domestic product (NDP)? What is the value of national income (NI)?