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Economics Study Set 4
Quiz 19: GDP: Measuring Total Production and Income
Refer to Table 19-16
Question 135
Essay
Refer to Table 19-16.The table above represents hypothetical data from the National Income Accounts for 2011.Use the data to calculate personal income and disposable income.
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Q 132
Transfer payments are subtracted from national income to get to personal income.
Q 133
For developed countries like the United States,GDP will always exceed GNP.
Q 134
What are the differences between national income,personal income,and disposable personal income?
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