From the following data, find Personal disposable income.
Compensation of employees | 1866.3 |
Business interest payments | 264.9 |
Rental income of persons | 34.1 |
Corporate profits | 164.8 |
Proprietors' income | 120.3 |
Corporate dividends | 66.4 |
Personal taxes | 402.1 |
Interest paid by consumers | 64.4 |
Interest paid by government. | 105.1 |
Government and business transfers | 374.5 |
Personal consumption expenditures | 1991.9 |
Personal income = National income – Corporate profits + Govt and business transfers + Interest paid by govt + Corporate dividends = 2450.4 – 164.8 + 374.5 + 105.1 + 66.4 = 2831.6 Personal disposable income = Personal income - personal taxes = 2831.6 - 402.1 = 2429.5.
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