Given the Following Information, Aggregate Income Equals A)$2,900
B)$3,400

question 1

Multiple Choice

Given the following information, aggregate income equals: $$\begin{array} {| l | r |} \hline \text { Profits } & \$ 700 \\\hline \text { Rent } & \$ 400 \\\hline \text { Compensation to employees } & \$ 2,500 \\\hline \text { Interest } & \$ 300 \\\hline \text { Taxes } & \$ 1,000 \\\hline \text { Transfer payments } & \$ 500\\\hline \end{array}$$

• A)$2,900.
• B)$3,400.
• C)$3,900.
• D)$4,400.

---

Definitions:

Population Mean

The average value of a population set, where the population includes all members of the set.

Fixed

A term often used in finance and economics to denote something that is constant or unchanging over a period.

Unknown

In research and statistics, it refers to a quantity or a property which needs to be discovered or measured.

Confidence Level

The probability that the value of a parameter falls within a specified range of values, often associated with a confidence interval.