Table 12-27 -Refer to Table 12-27

Table 12-27
$\begin{array}{|l|c|} \hline & \begin{array}{c}\text { Billions of } \\\text { Dollars }\end{array} \\\hline \text { GDP } & \$ 3,250 \\\hline \text { Depreciation } & 300 \\\hline \text { Retained earnings } & 1,000 \\\hline \text { Personal income } & 2,500 \\\hline \text { Transfer payments } & 50 \\\hline\end{array}$
-Refer to Table 12-27.Based on the table above,what is national income for this economy?

A) $1,950 billion
B) $2,250 billion
C) $2,950 billion
D) $3,550 billion

Correct Answer:

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