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Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, nonmortgage interest, and so

Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, nonmortgage interest, and so forth were $12 million. a. what was the amount of disposable personal income last year. b. what was the amount of personal savings last year? c. Calculate personal saving as a percentage of disposable personal income

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