Final answer:
The depreciation for the first year can be calculated by using the formula NNP = GDP + Income receipts from the rest of the world - Income payments to the rest of the world - Depreciation.
Step-by-step explanation:
The depreciation for the first year can be calculated by using the formula NNP = GDP + Income receipts from the rest of the world - Income payments to the rest of the world - Depreciation. From the given information, we have NNP = $522 billion, GDP = $560 billion,
Income receipts from the rest of the world = $10 billion, and Income payments to the rest of the world = $8 billion. Substituting these values into the formula, we can solve for Depreciation.
Depreciation = NNP - GDP - (Income receipts from the rest of the world - Income payments to the rest of the world)
Depreciation = $522 billion - $560 billion - ($10 billion - $8 billion)
Depreciation = -$38 billion