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      Question

      src="https://www.ixambee.com/questionimage/Chapter/1644906168-44.png" alt="" />
      A 3512 Correct Answer Incorrect Answer
      B 3515 Correct Answer Incorrect Answer
      C 3290 Correct Answer Incorrect Answer
      D 3540 Correct Answer Incorrect Answer
      E 4000 Correct Answer Incorrect Answer

      Solution

      NI = GDP + NR - IBT - CC 

      NI = National income 

      NR = + or - Net income from assets abroad (net income receipts) 

      IBT = Indirect business taxes 

      CC = Depreciation 

      NI = 4000 + 0 - 210 - 500 = 3290 

      Personal Income = NI - corporate taxes - retained earnings - social security + transfer payments + net interest 

      PI = 3290 - 50 - 25 - 200 + 500 = 3515

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