To get personal income from national income, one must:
a. subtract out retained earnings, Social Security taxes, and transfer payments, and add in corporate business taxes.
b. subtract corporate profits and Social Security taxes, and add in transfer payments and other income.
c. subtract retained earnings, corporate business taxes, and transfer payments, and add in Social Security taxes.
d. subtract out corporate business taxes, Social Security taxes and transfer payments, and add in retained earnings.
b
Economics
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The Fed decreases the quantity of money to counteract
A) positive net exports. B) a federal budget deficit. C) a rise in the unemployment rate. D) a recessionary ga
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Refer to Table 19-17. What is real GDP in 2016, using 2011 as the base year?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
Economics