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:

Marijuana

A psychoactive plant, Cannabis sativa, used both medicinally and recreationally for its calming and euphoric effects.

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, known for its intoxicating effects.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, illegal in many countries.

Socioeconomic Groups

Categories of people sharing similar levels of wealth, income, education, and occupational status, affecting their lifestyle and opportunities.