Answer the Question on the Basis of the Following National

question 27

Multiple Choice

Answer the question on the basis of the following national income data.All figures are in billions of dollars. $\begin{array} { l r } \text { Personal Taxes } & \$ 23 \\\text { Net Private Domestic Investment } & 33 \\\text { Net Exports } & 6 \\\text { National Income } & 278 \\\text { U.S. Exports } & 20 \\\text { Gross Private Domestic Investment } & 56 \\\text { Disposable Income } & 220 \\\text { Taxes on Production and Imports } & 32 \\\text { Undistributed Corporate Profits } & 15 \\\text { Proprietors' Income } & 45 \\\text { Net Foreign Factors Income } & 0 \\\text { Statistical Discrepancy } & 0\end{array}$ Refer to the data.Personal consumption expenditures:

• A) cannot be calculated.
• B) are $231.
• C) are $225.
• D) are $205.

---

Definitions:

Shareholders Meeting

A formal gathering of the shareholders of a company to discuss and vote on company business.

Special Meeting

A meeting called for a specific purpose, outside of the regularly scheduled sessions.

Cumulative Voting

A system of voting for directors of a corporation in which shareholders can concentrate their votes on one candidate, rather than having to distribute them equally among candidates.

Majority Shareholder

An individual or entity that owns more than half of a company's outstanding shares, giving them controlling interest.