National income is $500, corporate taxes are $20, Social Security contributions are $60, retained earnings are $10, personal taxes are $100, and transfer payments are $80. Disposable income is
A) $510.
B) $450.
C) $410.
D) $390.
Correct Answer:
Verified
Q315: Suppose gross domestic product (GDP) is $5
Q316: Personal income taxes are the difference between
A)
Q317: Transfer payments are included in
A) gross domestic
Q318: Income received by the factors of production
Q319: One key difference between national income and
Q321: Which of the following would NOT be
Q322: Q323: National income is Q324: Disposable personal income is Q325: ![]()
A) the total of factor
A) the total of![]()
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