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Answer the Question on the Basis of the Following Data

Question 64

Multiple Choice

Answer the question on the basis of the following data.All figures are in billions of dollars.  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\begin{array} { l r } \text { Proprietors' Income } & \$ 20 \\\text { Compensation of Employees } & 300 \\\text { Consumption of Fixed Capital } & 15 \\\text { Gross Investment } & 80 \\\text { Rents } & 10 \\\text { Interest } & 20 \\\text { Exports } & 30 \\\text { Imports } & 50 \\\text { Corporate Profits } & 25 \\\text { Taxes on Production and Imports } & 5 \\\text { Net Foreign Factor Income } & 0 \\\text { Statistical Discrepancy } & 0\end{array} Refer to the data.National income is:


A) $395.
B) $380.
C) $375.
D) $360.

Correct Answer:

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