Table 19-30 -Refer to Table 19-30. the Table Above Represents Hypothetical Data

question 74

Essay

Table 19-30

-Refer to Table 19-30. The table above represents hypothetical data from the National Income Accounts for 2017. Use the data to calculate personal income and disposable personal income.

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Definitions:

Summary Measures

Quantitative data that provide a statistical overview of a set of observations or measurements.

MIN(range)

Refers to the smallest value in a given range of data.

Smallest Value

The minimum value within a set of numbers or measurements.

SUM(range)

A mathematical function that adds together all numbers in a specified range.