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Assume personal income was $30 million last year. Personal outlays were $10 million and personal current taxes were $7 million. A. What was the amount
Assume personal income was $30 million last year. Personal outlays were $10 million and personal current taxes were $7 million.
A. What was the amount of disposable personal income last year?
B. What was the amount of personal saving last year?
C. Calculate personal saving as a percentage of disposable personal income. (Round answer to 1 decimal places, e.g. 527.5.)
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