Business, 02.07.2020 20:01, suewignall

Scenario 5.1 Suppose that personal income is $250 billion. Furthermore, assume that retained corporate earnings are $2 billion, social security taxes are $15 billion, social security benefit checks equal $16 billion, the capital consumption allowance is $32 billion, and corporate taxes amount to $40 billion. Refer to Scenario 5.1. Gross national product of this nation will be:

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Scenario 5.1 Suppose that personal income is $250 billion. Furthermore, assume that retained corpora...