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2) Consider the following information Billions of BHD Transfer Payments Made 50 by Household Personal Interest 10 Payments Personal Income 500 Personal Consumption 100 Expenditures

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2) Consider the following information Billions of BHD Transfer Payments Made 50 by Household Personal Interest 10 Payments Personal Income 500 Personal Consumption 100 Expenditures a) If the income tax rate is 20%, calculate the personal savings and personal saving rate (6 marks)

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