Measuring Total Output and Income
6.2 Measuring Total Income
TRY IT!
The following income data refer to the same economy for which you had output data in the first part of the previous Try It! Compute GDI from the data below and confirm that your result equals the GDP figure you computed in the previous Try It! Assume that GDP = GNP for this problem (that is, assume all factor incomes are earned and paid in the domestic economy).
Employee compensation | $700 |
Social Security payments to households | 40 |
Welfare payments | 100 |
Profits | 200 |
Rental income | 50 |
Net interest | 25 |
Depreciation | 50 |
Indirect taxes | 175 |