a) Calculate national income form the following figure
consumption: 200 billion
depreciation: 20 billion
statistical discrepancy: 12 billion
gross investment: 30 billion
imports: 40 billion
Social Security Taxes: 25 billion
Exports: 50 billion
Net foreign factor income: 15 billion
Gov't purchases: 60 billion
Personal Income taxes: 40 billion
b) if there were 80 million people in this country, what would the GDP per-capita be?
c) if all prices were to double overnight, what would happen to the values of real and nominal GDP?
nominal____ real gdp____