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

---

Definitions:

Demographics

refers to statistical data relating to the population and particular groups within it, used for identifying and analyzing target markets.

Retailers

Businesses that sell goods or merchandise directly to consumers through various channels, such as brick-and-mortar stores, online platforms, or through catalog sales.

B2C Marketing

Business-to-consumer marketing, which involves the sale of products or services from businesses directly to individual consumers.

Consumers

Individuals or groups who purchase goods and services for personal use and not for manufacture or resale.