Table 12-31
$\begin{array}{|l|c|}
\hline & \text { Billions of Dollars } \
\hline \text { National income } & \$ 11,200 \
\hline \text { Retained earnings } & 560 \
\hline \text { Depreciation } & 700 \
\hline \text { Interest on government bonds } & 300 \
\hline \text { Transfer payments } & 2,200 \
\hline \text { Personal taxes } & 1,400\
\hline
\end{array}$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2017.Use the data to calculate personal income and disposable income.

Question

Table 12-31
 $\begin{array}{|l|c|} 
\hline & \text { Billions of Dollars } \
\hline \text { National income } & \$ 11,200 \
\hline \text { Retained earnings } & 560 \
\hline \text { Depreciation } & 700 \
\hline \text { Interest on government bonds } & 300 \
\hline \text { Transfer payments } & 2,200 \
\hline \text { Personal taxes } & 1,400\
\hline
\end{array}$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2017.Use the data to calculate personal income and disposable income.

Quizplus · Accepted Answer

The Answer of Table 12-31
 $\begin{array}{|l|c|} 
\hline & \text { Billions of Dollars } \
\hline \text { National income } & \$ 11,200 \
\hline \text { Retained earnings } & 560 \
\hline \text { Depreciation } & 700 \
\hline \text { Interest on government bonds } & 300 \
\hline \text { Transfer payments } & 2,200 \
\hline \text { Personal taxes } & 1,400\
\hline
\end{array}$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2017.Use the data to calculate personal income and disposable income.

Table 12-31 -Refer to Table 12-31