From the following data, find National income.
Compensation of employees | 1866.3 |
Business interest payments | 264.9 |
Rental income of persons | 34.1 |
Corporate profits | 164.8 |
Proprietors' income | 20.3 |
Corporate dividends | 66.4 |
Personal taxes | 402.1 |
Interest paid by consumers | 64.4 |
Interest paid by government. | 105.1 |
Government and business transfers | 374.5 |
Personal consumption expenditures | 1991.9 |
National income = compensation of employees + business interest payments + rental income of persons + corporate profits + proprietor’s income. National income = 1866.3 + 264.9 + 34.1 + 164.8 + 20.3 = 2350.4
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