Table 12-31
$$\begin{array} { | l | c | }
\hline & \text { Billions of Dollars } \
\hline \text { National income } & \$ 7,400 \
\hline \text { Retained earnings } & 480 \
\hline \text { Depreciation } & 660 \
\hline \text { Interest on government bonds } & 450 \
\hline \text { Transfer payments } & 1,000 \
\hline \text { Personal taxes } & 1,100 \
\hline
\end{array}$$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2013.Use the data to calculate personal income and disposable income.

Question

Table 12-31
 $$\begin{array} { | l | c | } 
\hline & \text { Billions of Dollars } \
\hline \text { National income } & \$ 7,400 \
\hline \text { Retained earnings } & 480 \
\hline \text { Depreciation } & 660 \
\hline \text { Interest on government bonds } & 450 \
\hline \text { Transfer payments } & 1,000 \
\hline \text { Personal taxes } & 1,100 \
\hline
\end{array}$$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2013.Use the data to calculate personal income and disposable income.

Quizplus · Accepted Answer

The Answer of Table 12-31
 $$\begin{array} { | l | c | } 
\hline & \text { Billions of Dollars } \
\hline \text { National income } & \$ 7,400 \
\hline \text { Retained earnings } & 480 \
\hline \text { Depreciation } & 660 \
\hline \text { Interest on government bonds } & 450 \
\hline \text { Transfer payments } & 1,000 \
\hline \text { Personal taxes } & 1,100 \
\hline
\end{array}$$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2013.Use the data to calculate personal income and disposable income.

Table 12-31 -Refer to Table 12-31