The following is data provided for the year 2020: Capital consumption allowance $119.5 Wages 855.7 Business interest payments 61.6 Indirect business taxes 135.0 Rental income 26.5 Corporate profits 105.4 Proprietors’ income 93.0 Corporate dividends 32.7 Social insurance contributions 101.0 Personal taxes 170.7 Consumer interest payments 26.0 Interest paid by government and consumers 42.3 Government transfer payments 134.6 Business transfer payments 5.2 Personal consumption expenditures 877.0 National income 1,142.2 (a) Find the personal income (b) Find the personal disposable income (c) Find the personal saving
The following is data provided for the year 2020: Capital consumption allowance $119.5 Wages 855.7 Business interest payments 61.6 Indirect business taxes 135.0 Rental income 26.5 Corporate profits 105.4 Proprietors’ income 93.0 Corporate dividends 32.7 Social insurance contributions 101.0 Personal taxes 170.7 Consumer interest payments 26.0 Interest paid by government and consumers 42.3 Government transfer payments 134.6 Business transfer payments 5.2 Personal consumption expenditures 877.0 National income 1,142.2 (a) Find the personal income (b) Find the personal disposable income (c) Find the personal saving
Chapter16: The Public Sector
Section16.4: Public Choice Theory
Problem 1YTE
Related questions
Question
The following is data provided for the year 2020:
Capital consumption allowance $119.5
Wages 855.7
Business interest payments 61.6
Indirect business taxes 135.0
Rental income 26.5
Corporate profits 105.4
Proprietors’ income 93.0
Corporate dividends 32.7
Social insurance contributions 101.0
Personal taxes 170.7
Consumer interest payments 26.0
Interest paid by government and consumers 42.3
Government transfer payments 134.6
Business transfer payments 5.2
Personal consumption expenditures 877.0
(a) Find the personal income
(b) Find the personal disposable income
(c) Find the personal saving
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
![Macroeconomics](https://www.bartleby.com/isbn_cover_images/9781337617390/9781337617390_smallCoverImage.gif)