What was the amount of personal saving last year

Reference no: EM13289908

Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, nonmortgage interest, and so forth were $12 million.

a. What was the amount of disposable personal income last year?
b. What was the amount of personal saving last year?
c. Calculate personal savings as a percentage of disposable personal income.

Reference no: EM13289908

Questions Cloud

What is the expect annual inflation rate : A one-year U.S. Treasury security has a nominal interest rate of 2.25 percent. If the expected real rate of interest is 1.5 percent what is the expect annual inflation rate?

What is the force of gravity between two cars : What is the force of gravity between two 1000-kg cars separated by a distance of 25m on a interstate

Determine the liquidity premium for the corporate bond : If a default risk premium of 1.50 percentage points is estimated for the corporate bond, determine the liquidity premium for the corporate bond.

What additional force is needed for the to remain stationary : A horizontal force of 250 N is applied to a stationary wooden box in one direction, What additional force is needed for the box to remain stationary

What was the amount of personal saving last year : Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, nonmortgage interest, and so forth were $12 million.

Calculate the load voltage-load power and the efficiency : Calculate the load voltage, the load power, and the efficiency of the transmission system under the following schemes. a. 4:1 transformer at generator b. 4:1 transformer to load c. 1:4 transformer at the generator and a 16:1 transformer at the loa..

Compute the magnitude of the charge on each sphere : Two small metallic spheres, each of mass m = 0.25 g, are suspended as pendulums by light strings from a common point as, compute the magnitude of the charge on each sphere

What is the average rating for all cbc movies : What is the average rating for all CBC movies? How about ABN movies and BBS movies and create a line graph of the monthly average ratings for CBC for the year

How deep is the ocean at that point : In this section assume the temperature is 20unless directed otherwise. A submarine 79 deep emits a sonar (sound) wave. How deep is the ocean at that point

User Account

All Pages