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What was the depreciation for the first year?

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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

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