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Author Question: The unattainable points in a production possibilities diagram are A) the points outside the ... (Read 98 times)

joesmith1212

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on: Jun 29, 2018
The unattainable points in a production possibilities diagram are
 
  A) the points outside the production possibilities frontier.
  B) the points of the horizontal and vertical intercepts.
  C) the points within the production possibilities frontier.
  D) the points along the production possibilities frontier.

Question 2

Refer to Table 8-31. The table above represents hypothetical data from the National Income Accounts for 2015. Use the data to calculate personal income and disposable personal income.
 
  What will be an ideal response?


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taylorsonier

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Personal Income = National income - Retained earnings + Transfer payments + Interest on government bonds.
Substituting the table values:
Personal Income = 7,400 - 480 + 1,000 + 450
= 8,370 billion.

Disposable personal income = Personal Income - Personal Taxes
= 8,370 - 1,100 = 7,270 billion.


joesmith1212

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

isabelt_18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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