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If disposable personal income is $500 billion and personal saving is $15 billion, the personal saving rate is

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If disposable personal income is $500 billion and personal saving is $15 billion, the personal saving rate is

Question 1.

If personal income is $700 billion and personal income taxes are $140 billion, the value of disposable personal income is

▸ $560 billion.

▸ $630 billion.

▸ $640 billion.

▸ $840 billion.

Question 2.

If disposable personal income is $500 billion and personal saving is $15 billion, the personal saving rate is

▸ 1.5%.

▸ 3%.

▸ 7.5%.

▸ 15%.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 112 times

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