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Jul 21st, 2017
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  1. Based on domestic production we observe the following income flows in a period:
  2.  
  3. 1. labor income of domestic residents: 150 $
  4. 2. capital income received by foreign residents with a foreign citizenship: 5 $
  5. 3. capital income of domestic residents with a foreign citizenship: 15 $
  6. 4. capital income received by foreign residents with a domestic citizenship: 25 $
  7. 5. capital income earned by domestic citizens with a domestic residence: 20 $
  8.  
  9. Calculate the Gross Domestic Product (GDP)
  10. and the Gross National Income (GNI) of the economy:
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