Refer to Table 8-32. The table above represents hypothetical data from the National Income Accounts for 2015. Use the data to calculate personal income and disposable income
What will be an ideal response?
Personal income = National income - Retained earnings + Transfer payments + Interest on government bonds.
Substituting the table values:
Personal income = $11,200 - 560 + 2,200 + 300
= $13,140 billion.
Disposable personal income = Personal income - Personal taxes
= $13,140 - 1,400 = $11,740 billion.
Economics
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Refer to the figure above. What does the region EFG represent?
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The real balances effect is caused by an inverse relationship between the price level and the real value of financial assets with fixed nominal value
a. True b. False Indicate whether the statement is true or false
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