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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.
IBT1 = 80. IBT2 = 60. SST = 420. Dep. = 150.
CRE = 90. GNP = 1,240. Transfers = 70. NPI = 20.
Determine Personal Income.
Expert's answer
Personal Income (PI) = NI - Corporate Taxes - Retained Earnings - Social Security + Transfer Payments + Net Interest.
Personal Income (PI) = 1240 – 90 - 420 + 70 + 150 = 950
Personal Income (PI) = 1240 – 90 - 420 + 70 + 150 = 950
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