Table 12-29 -Refer to Table 12-29

Multiple Choice

Table 12-29
$\begin{array}{|l|c|}\hline & \begin{array}{c}\text { Billions of } \\\text { Dollars }\end{array} \\\hline \text { GDP } & \$ 3,250 \\\hline \text { Depreciation } & 300 \\\hline \text { Retained earnings } & 1,000 \\\hline \text { Personal tax payments } & 500 \\\hline \text { Transfer payments } & 80 \\\hline\end{array}$
-Refer to Table 12-29.Based on the table above,what is personal income for this economy?

A) $1,950 billion
B) $2,030 billion
C) $2,450 billion
D) $5,130 billion