Lux produced 600 cars in the 4th quarter of 2015
They have 2 production costs: labor and intermediate goods
Workers are paid $60/hr, total hours employed are 12,000
Intermediate goods are bought from $5,000/car from Eng.
Eng’s only input is labor which costs 190,000 total.
In the 4th quarter, Lux sold 250 cars at $8,000.
What was Lux and Eng’s total contribution to National Income in
the 4th quarter?
Please also provide explanation also.