Author Question: Suppose that personal income is 250 billion. Furthermore, assume that retained corporate earnings ... (Read 106 times)

sarasara · **on:** Jun 30, 2018

Suppose that personal income is 250 billion. Furthermore, assume that retained corporate earnings are 2 billion, social security taxes are 15 billion, social security benefit checks equal 16 billion, the capital consumption allowance is 32 billion, and corporate taxes amount to 40 billion. The national income of this nation will be:
a. 236 billion.
b. 249 billion.
c. 251 billion.
d. 279 billion.
e. 290 billion.

Question 2

Suppose that personal income is 250 billion. Furthermore, assume that retained corporate earnings are 2 billion, social security taxes are 15 billion, social security benefit checks equal 16 billion, the capital consumption allowance is 32 billion, and corporate taxes amount to 40 billion. What will be the value of net national product in this country?
a. 209 billion
b. 219 billion
c. 283 billion
d. 291 billion
e. 323 billion