Table 12-27 The Components of National Income for an Economy Are Represented

question 261

Multiple Choice

Table 12-27
$$\begin{array} { | l | r | } \hline \text { National income } & \$ 1,000 \\\hline \text { Retained earnings not paid as dividends } & 50 \\\hline \text { Transfer payments } & 40 \\\hline \text { Interest on government bonds } & 20 \\\hline \text { Personal taxes } & 30 \\\hline\end{array}$$
The components of national income for an economy are represented in Table 12-27 above.All values are in billions of dollars.
-Refer to Table 12-27.What is the level of disposable personal income for this economy?

• A)$1,080 billion
• B)$1,010 billion
• C)$980 billion
• D)$860 billion

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Definitions:

Iconic Memory

Visual sensory memory, lasting only a fraction of a second.

Echoic Memory

Auditory sensory memory, lasting only 2 to 4 seconds.

Capacity

The maximum amount that something can contain or produce, or the ability to perform, understand, or absorb something.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.