Question: Personal Income and Spending: https://www.bea.gov/data/income-saving/personal-income F. Using the most recent Personal Income and Spending Report , determine the following: What percent of personal income was

Personal Income and Spending:https://www.bea.gov/data/income-saving/personal-income F. Using the most recentPersonal Income and Spending Report, determine the following:

  1. What percent of personal income was earned in:
  2. Wages and salaries?
  3. Personal current transfer receipts?
  4. Personal income receipts on assets? What was the non-annualized personal income?
  5. What proportion of disposable income was saved and how much did the percent change from the prior month?
  6. Based on "c" above, is this a positive or negative sign for future economic growth?
  7. Calculate the proportion of disposable income that is accounted for by "personal interest payments". Is this within the acceptable range based on the economic indicator's text?

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