Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much is the Gross National Income (GNI)?
Answer The Gross National Income (GNI) under the given conditions is 360. Calculating Gross National Income Gross National Income (GNI) is the sum total of all income earned by residents of a country from economic activities within the borders of