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If personal taxes are $400 billion and disposable income is $4,000 billion, then what does personal income equal?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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housing spending = $200 million, and spending on services = $500 million. What does consumption
equal?
If personal taxes are $400 billion and disposable income is $4,000 billion, then what does personal
income equal?
6.
If national income is $5,000 billion, compensation of employees is $2,105 billion, proprietor's income is
$1,520 billion, corporate profits are $490 billion, and net interest is $128 billion, then what does rental
income equal?
7.
8.
Use the table to answer the following questions:
Dollar Amount
Item
(in $ billions)
Durable goods
200
Nondurable goods
400
Services
700
120
Fixed investment
P English (Unied States)
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