Table 19-31 -Refer to Table 19-31

Essay

Table 19-31
$$\begin{array} { | l | r | } \hline & \begin{array} { r } \text { Billions of } \\\text { Dollars }\end{array} \\\hline \text { National income } & \$ 7,400 \\\hline \text { Retained earnings } & 480 \\\hline \text { Depreciation } & 660 \\\hline \text { Interest on government bonds } & 450 \\\hline \text { Transfer payments } & 1,000 \\\hline \text { Personal taxes } & 1,100 \\\hline\end{array}$$
-Refer to Table 19-31.The table above represents hypothetical data from the National Income Accounts for 2015.Use the data to calculate personal income and disposable personal income.