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Question
Gross Domestic Product (GDP) = $13.0 trillion, consumption = $9.5 trillion, depreciation = $1.8 trillion, other business income adjustments less indirect business taxes = $0.2 trillion, and net U.S. income earned abroad = $0.1 trillion. Use this information to calculate national income (NI).
A) NI = $11.0 billion
B) NI = $11.3 billion
C) NI = $11.4 billion
D) NI = $11.5 billion
Answer
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