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00 24 HR MIN SEC Give Up? 0% Question 4 of 5 Hint > Check Answer The 2019 national income for Republic of Hardworker is shown
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Answer #1

National income= GDP at MP- capital consumption allowance + amount earned by Hardwoker’s citizens and business abroad – amount earned by foreign citizens and foreign business in hardwokers – indirect business tax

=26900-500+1100-1200-4500

=21,800

Personal Income=National income+ transfer payments- corporate retained earning- corporate income taxes- social security taxes

=21,800+850- 800-500

=$21,350

GDP at MP by income method= wages+ rent+ interest+ Corporate profit+ Depreciation+ indirect business tax

=3800+7100+6500+4500+500+4500

=$26,900

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