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    Question

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    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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