Table 12-26 The Components of National Income for an Economy Are Represented

question 1

Multiple Choice

Table 12-26
$\begin{array}{|l|c|}\hline \text { National income } & \$ 1,000 \\\hline \text { Retained earnings not paid as dividends } & 50 \\\hline \text { Transfer payments } & 40 \\\hline \text { Interest on government bonds } & 20 \\\hline \text { Personal taxes } & 30 \\\hline\end{array}$ The components of national income for an economy are represented in Table 12-26 above. All values are in billions of dollars.
-Refer to Table 12-26.What is the level of personal income for this economy?

• A) $1,140 billion
• B) $1,010 billion
• C) $990 billion
• D) $860 billion

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Definitions:

Gender

A social and cultural construct related to the roles, behaviors, activities, and attributes that a society considers appropriate for men and women.

Diffusion of Responsibility

A psychological phenomenon where individuals feel a diminished sense of personal responsibility in the presence of others.

Belief in a Just World

The cognitive bias that assumes people get what they deserve, leading to rationalizing suffering and rewarding.

Good Samaritan Effect

The phenomenon where people are more likely to offer help to others in need without expecting anything in return.