Suppose that personal income is $250 billion. Furthermore, assume that retained corporate earnings are $2 billion, social security taxes are $15 billion, social security benefit checks equal $16 billion, the capital consumption allowance is $32 billion, and corporate taxes amount to $40 billion. The national income of this nation will be:

a. $236 billion.
b. $249 billion.
c. $251 billion.
d. $279 billion.
e. $290 billion.


c

Economics

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