Suppose that domestic credit equals $1,000 million, foreign exchange reserves equal $80 million, the money multiplier is 2, the fraction of nominal income that individuals desire to hold in money balance is 20%, the foreign price level is 1.2, and the spot exchange value of the domestic currency is 2. Using the monetary approach to balance-of-payments and the exchange-rate determination and the above information, answer the following questions: What is the level of real income of the domestic economy?