Table 12-30 -Refer to Table 12-30

question 198

Essay

Table 12-30
$\begin{array}{|l|c|}\hline & \begin{array}{c}\text { Billions of } \\\text { Dollars }\end{array} \\\hline \text { National income } & \$ 7,400 \\\hline \text { Retained earnings } & 480 \\\hline \text { Depreciation } & 660 \\\hline \text { Interest on government bonds } & 450 \\\hline \text { Transfer payments } & 1,000 \\\hline \text { Personal taxes } & 1,100\\\hline\end{array}$
-Refer to Table 12-30.The table above represents hypothetical data from the National Income Accounts for 2017.Use the data to calculate personal income and disposable personal income.

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