A-LevelEconomicsEconomic Growth and DevelopmentFeb/Mar 2017Paper 3 Q271 Mark
A director becomes redundant as the result of a company merger. His salary was $80 000. He is entitled to an annual private pension of $30 000. In his first year after redundancy he earns $40 000 in consultancy fees and saves $8000 by dismissing his gardener. What is the resulting change in measured national income in the first year?
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