Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

23 Questions going from the national income to the disposable income (pages 110-111 book and our last classroom topic on Ch5) will not be on

image text in transcribed

23

image text in transcribed
Questions going from the national income to the disposable income (pages 110-111 book and our last classroom topic on Ch5) will not be on the test to spare you some formula memorization, Here, however, you have access to the formula from the class, its breakdown in the book, and the figures in the NIPA handout for Ch 5. So. let's calculate the disposable income. Out of their national income, Americans: - allowed corporations to retain some of the profits, 2.8, but also received distributions from before. 3.2, so that on the net they received from corporations an extra 0.4 . contributed 1.5 to the soc sec. and medicare/aid and received 4.6 from there paid 2.7 in direct (income) tax on top of having paid 1.2 in indirect (sales) tax. Find the population's disposable income. Question 9 0.34 pts Which two of the below do households use their disposable income for? In your written work. explain what these two income allocations have to do with the cost-benefit analysis between the present and the future. investment consumption saving taxes ) transfers abroad

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jan Williams, Susan Haka

17th Edition

126000645X, 9781260006452

More Books

Students also viewed these Economics questions

Question

What does this look like?

Answered: 1 week ago