Real-Time Data Analysis Exercise The following table contains income and consumption data from FRED" for the fourth quarter of 2020. "Realtime data provided by Federal Reserve Economic Data (FRED). Federal Reserve Bank of Saint Louis. Title Value Personal Income $19.504.419 billion Disposable Personal Income $17.268 294 billion Personal Consumption Expenditures $14,542.383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in saving The difrence between personal income and disposable personal income represents personal ] which, in the fourth quarter of 2020, amounted to $ billon. (Round your response to one decimal place) tax payments saving

Real-Time Data Analysis Exercise The following table contains income and consumption data from FRED" for the fourth quarter of 2020. "Realtime data provided by Federal Reserve Economic Data (FRED). Federal Reserve Bank of Saint Louis. Title Value Personal Income $19.504.419 billion Disposable Personal Income $17.268 294 billion Personal Consumption Expenditures $14,542.383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in saving The difrence between personal income and disposable personal income represents personal ] which, in the fourth quarter of 2020, amounted to $ billon. (Round your response to one decimal place) tax payments saving

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 1.1P

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