Scenario 5.1 Suppose That Personal Income Is $250 Billion. Furthermore, Assume That

question 21

Multiple Choice

Scenario 5.1
Suppose that personal income is $250 billion. Furthermore, assume that retained corporate earnings are $2 billion, social security taxes are $15 billion, social security benefit checks equal $16 billion, the capital consumption allowance is $32 billion, and corporate taxes amount to $40 billion.
-Refer to Scenario 5.1. The national income of this nation will be:

• A) $236 billion
• B) $249 billion
• C) $251 billion
• D) $279 billion
• E) $290 billion

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