Suppose Social Security contributions rise by $1 billion while Social Security benefits also rise by $1 billion. Further, personal income taxes fall by $500 million. As a result,
A) both personal and disposable personal income should increase.
B) national income, personal income, and disposable income should increase.
C) disposable income should increase while personal income and national income are unchanged.
D) personal income, disposable personal income, and national income remain unchanged.
Correct Answer:
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