Personal Consumption Expenditures$620Saving50Government Purchases200Net Domestic Product750Statistical DiscrepancyGross Investment180National Income780Exports220Imports240Personal Income760Refer to the accompanying data (all figures in billions of dollars). Disposable incomeis1) $830.2) $750.3) $670.4) $730.

Disposable Income is the difference between personal income and personal income tax. In the given data, since personal income tax is not given thus disposable income can be calculated by adding personal consumption expenditure and savings. Disposable Income = 620+50 Disposable Income = 670 Answer: c. $670 billion.

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Economics

Personal Consumption Expenditures $620 Saving Government Purchases 50 200 Net Domestic Product 750 Statistical Discrepancy Gross Investment 180 National Income 780 Exports Imports 220 240 Personal Income 760 Refer to the accompanying data (all figures in billions of dollars). Disposable income is 1) $830. 2) $750. O 3) $670. O 4) $730.

Personal Consumption Expenditures $620 Saving Government Purchases 50 200 Net Domestic Product 750 Statistical Discrepancy Gross Investment 180 National Income 780 Exports Imports 220 240 Personal Income 760 Refer to the accompanying data (all figures in billions of dollars). Disposable income is 1) $830. 2) $750. O 3) $670. O 4) $730.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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