Given the following information, aggregate income equals: $$\begin{array} {| l | r |}
\hline \text { Profits } & \$ 700 \
\hline \text { Rent } & \$ 400 \
\hline \text { Compensation to employees } & \$ 2,500 \
\hline \text { Interest } & \$ 300 \
\hline \text { Taxes } & \$ 1,000 \
\hline \text { Transfer payments } & \$ 500\
\hline
\end{array}$$

Question

Given the following information, aggregate income equals: $$\begin{array} {| l | r |} 
\hline \text { Profits } & \$ 700 \
\hline \text { Rent } & \$ 400 \
\hline \text { Compensation to employees } & \$ 2,500 \
\hline \text { Interest } & \$ 300 \
\hline \text { Taxes } & \$ 1,000 \
\hline \text { Transfer payments } & \$ 500\
\hline 
\end{array}$$

Quizplus · Accepted Answer

Aggregate income is calculated by summing up profits, rent, compensation to employees, and interest. Taxes and transfer payments are not included in the calculation. Therefore, the aggregate income is $700 (profits) + $400 (rent) + $2,500 (compensation to employees) + $300 (interest) = $3,900.

Given the Following Information, Aggregate Income Equals A)$2,900 B)$3,400

Given the Following Information, Aggregate Income Equals A)$2,900
B)$3,400