Thank you for visiting Suppose GDP is 15 trillion with 8 trillion from consumption 2 5 trillion from gross investment 3 5 trillion from government expenditures and 1 trillion. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Answer:
$10.5 trillion
Explanation:
Given that,
GDP = $15 trillion
Consumption = $8 trillion
Gross investment = $2.5 trillion
Government expenditures = $3.5 trillion
Net exports = $1 trillion
Personal income = $12 trillion
Personal taxes = $1.5 trillion
Therefore, the personal disposable income is calculated as follows:
= Personal income - Personal taxes
= $12 trillion - $1.5 trillion
= $10.5 trillion
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Rewritten by : Jeany
