Income aproach Table 2 Items RM (Millions) Wages and salary 1,050 Rent  850 Interest  880 Distributed Profit 1,300 Proprietor’s income  750 Depreciation 200 Undistributed profit 200 Transfer payment 75 Social security contribution 90 Personal Income Tax 110 Net factor income earned from abroad 89   Based on the above data, calculate: Gross Domestic Income Gross National Income National Income

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
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Income aproach

Table 2

Items

RM (Millions)

Wages and salary

1,050

Rent 

850

Interest 

880

Distributed Profit

1,300

Proprietor’s income 

750

Depreciation

200

Undistributed profit

200

Transfer payment

75

Social security contribution

90

Personal Income Tax

110

Net factor income earned from abroad

89

 

Based on the above data, calculate:

  1. Gross Domestic Income
  2. Gross National Income
  3. National Income
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