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The economy's disposable income (DI) is equal to the economy's real GDP with three assumptions: (1) no capital depreciation; (2) government balanced budgets; and (3)

The economy's disposable income (DI) is equal to the economy's real GDP with three assumptions: (1) no capital depreciation; (2) government balanced budgets; and (3) _____________________________.

a.

no taxes

b.

no business saving (retained earnings)

c.

no foreign taxes

d.

no interest earnings

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