-Refer to Exhibit 7-1

question 22

Multiple Choice

-Refer to Exhibit 7-1.What is the value of disposable income?

• A) $3,618
• B) $4,795
• C) $3,727
• D) $4,207
• E) $4,017

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Definitions:

Empirically Based

Pertains to practices, theories, or approaches that are supported by observable and measurable evidence, often through scientific research and experimentation.

Intuitive Knowledge

Understanding or knowledge gained without conscious reasoning, often based on instinct.

Logical Consistency

The attribute of an argument, theory, or system of thought in which all its components fit together without contradiction.

Observation

The active acquisition of information from a primary source.