Answer to Question #59596 in Macroeconomics for ali

Question #59596
National Income Accounts. IBT1 = 80. IBT2 = 60. SST = 420. Dep. = 150. CRE = 90. GNP = 1,240. Transfers = 70. NPI = 20. Determine Personal Income.
1
Expert's answer
2016-05-10T12:36:02-0400
Personal Income (PI) = NI - Corporate Taxes - Retained Earnings - Social Security + Transfer Payments + Net Interest.

Personal Income (PI) = 1240 – 90 - 420 + 70 + 150 = 950

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