Table 12-31 -Refer to Table 12-31

Essay

Table 12-31
$$\begin{array} { | l | c | } \hline & \text { Billions of Dollars } \\\hline \text { National income } & \$ 7,400 \\\hline \text { Retained earnings } & 480 \\\hline \text { Depreciation } & 660 \\\hline \text { Interest on government bonds } & 450 \\\hline \text { Transfer payments } & 1,000 \\\hline \text { Personal taxes } & 1,100 \\\hline\end{array}$$
-Refer to Table 12-31.The table above represents hypothetical data from the National Income Accounts for 2013.Use the data to calculate personal income and disposable income.