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Personal Income and Spending: https://www.bea.gov/data/income-saving/personal-income F. Using the most recent Personal Income and Spending Report , determine the following: What percent of personal income was
Personal Income and Spending:https://www.bea.gov/data/income-saving/personal-income F. Using the most recentPersonal Income and Spending Report, determine the following:
- What percent of personal income was earned in:
- Wages and salaries?
- Personal current transfer receipts?
- Personal income receipts on assets? What was the non-annualized personal income?
- What proportion of disposable income was saved and how much did the percent change from the prior month?
- Based on "c" above, is this a positive or negative sign for future economic growth?
- Calculate the proportion of disposable income that is accounted for by "personal interest payments". Is this within the acceptable range based on the economic indicator's text?
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