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NNP and GDP as well The Data of Macroeconomics - Work It Out Question 1 Tina is the sole owner of Tina's Lawn Mowing, Incorporated

NNP and GDP as well

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The Data of Macroeconomics - Work It Out Question 1 Tina is the sole owner of Tina's Lawn Mowing, Incorporated (TLM). In one year, TLM collects $2500000 from customers to mow their lawns. TLM's equipment depreciates in value by $312500. TLM pays $1500000 to its workers, who pay $345000 in taxes on this income. TLM pays $125000 in corporate income taxes and pays Tina a dividend of $375000. Tina pays taxes of $150000 on this dividend income. TLM retains $187500 of earnings in the business to finance future expansion. How much does this economic activity contribute to each of the following? Round your answers to two places after the decimal where necessary. c. National income = $

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