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Proprietors' Income $20 Compensation of Employees 300 Consumption of Fixed Capital 15 Gross Investment 80 Rents 10 Interest 20 Exports 30 Imports 50 Corporate Profits 25 Taxes on Production and Imports 5 Net Foreign Factor Income 0 Statistical Discrepancy 0 Refer to the accompanying data. All figures are in billions of dollars. National income is

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Answer:

Answer for the question:

Proprietors' Income $20 Compensation of Employees 300 Consumption of Fixed Capital 15 Gross Investment 80 Rents 10 Interest 20 Exports 30 Imports 50 Corporate Profits 25 Taxes on Production and Imports 5 Net Foreign Factor Income 0 Statistical Discrepancy 0 Refer to the accompanying data. All figures are in billions of dollars. National income is

is given in the attachment.

Explanation:

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TomShelby

Answer:

380

Explanation:

Given the data we have to solve for national income using the income method:

National Income will be the income of a country from economic activities for one year.

wages + rent + interest + profit are the retribution to the economy factors (labor, land, capital and entepreneur)

300 + 10 + 20 + 20 + 25 = 375

This is the disposable income as is after taxes.

Then, we add the taxes collected from the government:

375 + 5 = 380

That's because the income from the economy is higher as it also has to pay the taxes among the retribution to the factors.