Assume personal income was $30 million last year. Personal outlays were $20 million and personal current taxes were $6 million. (a) Your answer is correct. What was the amount of disposable personal income last year? Disposable personal income (DPI) SHOW SOLUTION LINK TO TEXT (b) What was the amount of personal saving last year? Personal savings (PS) 24 million million Attempts: 1 of 2 used

Assume personal income was $30 million last year. Personal outlays were $20 million and personal current taxes were $6 million. (a) Your answer is correct. What was the amount of disposable personal income last year? Disposable personal income (DPI) SHOW SOLUTION LINK TO TEXT (b) What was the amount of personal saving last year? Personal savings (PS) 24 million million Attempts: 1 of 2 used

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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