Table 12-28 -Refer to Table 12-28

Multiple Choice

Table 12-28
$$\begin{array} { | l | c | } \hline & \begin{array} { c } \text { Billions of } \\\text { Dollars }\end{array} \\\hline \text { GDP } & \$ 3,250 \\\hline \text { Depreciation } & 300 \\\hline \text { Retained } & \\\text { earnings } & 1,000 \\\hline \begin{array} { l } \text { Personal } \\\text { income }\end{array} & 2,500 \\\hline \begin{array} { l } \text { Transfer } \\\text { payments }\end{array} & 50 \\\hline\end{array}$$
-Refer to Table 12-28.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