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If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is

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Ritmeks

Answer:

$220 billion

Explanation:

GNP is $200 billion

Factor income from the rest of the world is $10 billion

Factor income to the rest of the world is $30 billion

Therefore the GDP can be calculated as follows

= $200 billion + (30 billion- 10billion)

= $200 billion + 20 billion

= $220 billion

Hence the GDP is $220 billion

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