Given the following information, we can infer that aggregate income equals: $$\begin{array} { |l | r| }
\hline \text { Profits } & \$ 100 \
\hline \text { Rent } & \$ 150 \
\hline \text { Compensation to employees } & \$ 500 \
\hline \text { Interest } & \$ 150 \
\hline \text { Taxes } & \$ 100 \
\hline \text { Transfer payments } & \$ 50 \
\hline
\end{array}$$

Question

Given the following information, we can infer that aggregate income equals: $$\begin{array} { |l | r| } 
\hline \text { Profits } & \$ 100 \
\hline \text { Rent } & \$ 150 \
\hline \text { Compensation to employees } & \$ 500 \
\hline \text { Interest } & \$ 150 \
\hline \text { Taxes } & \$ 100 \
\hline \text { Transfer payments } & \$ 50 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Aggregate income is calculated by summing up all the incomes generated in an economy. This includes Profits, Rent, Compensation to employees, and Interest. Taxes and Transfer payments are not included in the calculation of aggregate income. Therefore, the aggregate income equals $100 (Profits) + $150 (Rent) + $500 (Compensation to employees) + $150 (Interest) = $900.

Given the Following Information, We Can Infer That Aggregate Income