Personal income will equal disposable income when
A) corporate profits are zero.
B) personal taxes are zero.
C) transfer payments are zero.
D) Social Security contributions are zero.
Correct Answer:
Verified
Q161: In an economy, the total expenditures for
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Q164: Nominal GDP differs from real GDP because
A)nominal
Q165: Personal income (PI) refers to all income
A)received.
B)earned.
C)earned
Q166: One year nominal GDP was $286 billion
Q167: "GDP price index" measures changes in the
A)value
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A)
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