rations Capital consumption allowances Undistributed corporate profits Personal consumption expenditures Personal savings dons Corporate inventory valuation adjustment Federal govemment deficit Govemment purchases of goods and services State and local governments surplus $150 million 40 million 450 million 50 million -5 million -30 million 10 million 1 million

rations Capital consumption allowances Undistributed corporate profits Personal consumption expenditures Personal savings dons Corporate inventory valuation adjustment Federal govemment deficit Govemment purchases of goods and services State and local governments surplus $150 million 40 million 450 million 50 million -5 million -30 million 10 million 1 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The difference between personal income and disposable income is: savings personal taxes corporate taxes none of the above
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Calculate personal disposable income if:- Personal income = $31,000 Personal taxes = $16,000 Miscellaneous receipts of government = $5000
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