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- Based on domestic production we observe the following income flows in a period:
- 1. labor income of domestic residents: 150 $
- 2. capital income received by foreign residents with a foreign citizenship: 5 $
- 3. capital income of domestic residents with a foreign citizenship: 15 $
- 4. capital income received by foreign residents with a domestic citizenship: 25 $
- 5. capital income earned by domestic citizens with a domestic residence: 20 $
- Calculate the Gross Domestic Product (GDP)
- and the Gross National Income (GNI) of the economy:
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