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Calculating GDP Using the Income Approach
10. Measuring National Output and Income / Calculating GDP Using the Income Approach / Problem 7
Problem 7

A country reports the following income components: Compensation of employees = \(600 billion, Rents = \)60 billion, Interest = \(40 billion, Proprietors' income = \)80 billion, Corporate profits = \(120 billion, and Taxes on production and imports = \)50 billion. Calculate the total national income.