Last Year,Marian Earned $25,000,paid $2,000 in Taxes,and Saved $5,000

question 198

Multiple Choice

Last year,Marian earned $25,000,paid $2,000 in taxes,and saved $5,000.Marian's personal income is ______,disposable personal income is ______,and consumption spending is ______.

• A) $20,000;$18,000;$13,000
• B) $25,000;$23,000;$18,000
• C) $25,000;$18,000;$13,000
• D) $23,000;$21,000;$18,000

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Definitions:

Workbook Problems

Problems or exercises compiled in a book, intended for practice and understanding of particular academic subjects.

Term Papers

Research papers written by students over an academic term, accounting for a large part of their grades.

Blue-money Income

Informal term possibly referring to income earned in a foreign or stronger currency, or income derived from questionable or illegal activities.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each unit is identical to every other unit.