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22 July, 14:37

If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is$1,750, and indirect business taxes are $1,000, then gross domestic income is

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  1. 22 July, 14:39
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    gross domestic income is $13350

    Explanation:

    Given data

    pay interest payments = $1,000

    receive in interest = $1,200

    wages = $8,000

    rental receipt land = $200

    profits = $2200

    depreciation = $1,750

    business taxes = $1000

    to find out

    gross domestic income

    solution

    we will find out gross domestic income by this given formula

    gross domestic income is = profit + wages + rental receipt land + interest receive + tax + depreciation - interest paid

    so

    put all these value we get gross domestic income

    gross domestic income = 2200 + 8000 + 200 + 1200 + 1000 + 1750 - 1000

    gross domestic income = 13350

    so gross domestic income is $13350
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