Refer to the accompanying national income statistics (in billions of dollars). Personal income is Multiple Choice $317 billion. $376 billion. $372 billion. $483 billion.

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Answer:

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answer : $376 billion (b)

Explanation:

Personal income can be calculated as

= personal expenditure + taxes + interest

= $314 + $46 + $16

= $376 billion

personal income is the gross income earned by an individual through wages and financial interests earned on investment. it is termed GROSS because it contains taxes, and expenditure of the individual as well

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