If, in an economy, households receive $200 in interest payments and make interest payments of $210, wages equal $500, rental receipts are $200, royalties are $100, profits are $200, depreciation is $50, and indirect business taxes are $50, then gross domestic income is

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Quizplus · Accepted Answer

Gross domestic income is the sum of wages, rental receipts, royalties, profits, depreciation, and indirect business taxes. In this case, gross domestic income is $500 + $200 + $100 + $200 + $50 + $50 = $1100.

If, in an Economy, Households Receive $200 in Interest Payments