This should be fairly simple but I think I am missing something here.
- Gross Investments: 46
- Exports: 9
- Income: 190
- Personal Savings: 10
- Purchases: 84
- Net Foreign Factor Income: 10
- Consumption of Fixed Capital: 52
- Dividends: 13
- Imports of the U.S.: 12
- Taxes on Production and Imports: 22
- Personal Taxes: 38
- SS Contributions: 23
- Statistical Discrepancy: 0
What is the net domestic product?
I am calculating 265 but being told it is 255. Am I suppose to subtract savings afterwards?
This is how I am calculating it:
Investments + Purchases + Disposable Income + Exports - Imports - Depreciation(Consumption of Fixed Capital)
46 + 84 + 190 + 9-12 - 52 = 265 then apply - 10 from Personal Savings?