Table: Hypothetical Canadian National Income and Product Accounts Data Category
ID: 1213958 • Letter: T
Question
Table: Hypothetical Canadian National Income and Product Accounts Data
Category
Billions of dollars
Consumption (personal consumption expenditures)
400
Investment (gross private domestic investment)
150
Government consumption (government expenditures)
80
Exports
210
Imports
60
Foreign income payments to domestic factors
20
Domestic income payments to foreign factors
10
Net unilateral transfers
5
6.
(Table: Hypothetical Canadian National Income and Product Accounts Data) The GNI for the economy provided is:
A)
$10.
B)
$20.
C)
$780.
D)
$790.
Category
Billions of dollars
Consumption (personal consumption expenditures)
400
Investment (gross private domestic investment)
150
Government consumption (government expenditures)
80
Exports
210
Imports
60
Foreign income payments to domestic factors
20
Domestic income payments to foreign factors
10
Net unilateral transfers
5
Explanation / Answer
GNI = Consumption + Investment + Government consumption + Exports - Imports + Foreign income payments to domestic factors - Domestic income payments to foreign factors
GNI = 400 + 150 + 80 + 210 - 60 + 20 - 10 = $ 790
Answer is (D) $ 790
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