Table 12-29 -Refer to Table 12-29

question 106

Multiple Choice

Table 12-29
$$\begin{array} { | l | r | } \hline & \begin{array} { c } \text { Billions of } \\\text { Dollars }\end{array} \\\hline \text { GDP } & \$ 5,250 \\\hline \text { Transfer } & \\\text { Payments } & 50 \\\hline \text { Retained } & \\\text { earnings } & 700 \\\hline \text { Depreciation } & 1,250 \\\hline\end{array}$$
-Refer to Table 12-29.Based on the table above,what is national income for this economy?

• A)$4,700 billion
• B)$4,000 billion
• C)$3,150 billion
• D)$2,450 billion

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Definitions:

Leisure Travelers

Individuals or groups traveling for non-business purposes, such as relaxation, vacation, or recreation.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes.

Indirect Discrimination Scheme

Policies or practices that appear neutral but disproportionately impact a specific group in a negative way.

Direct Discrimination Scheme

Practices or policies that intentionally treat individuals unfavorably because of protected characteristics like race, age, or gender.