Personal income:
A) is a measure of the income earned by owners of resources used in making final goods and services.
B) is a measure of the income received by persons.
C) is aggregate income minus the statistical discrepancy.
D) equals GDP minus depreciation.
E) measures the total amount of income received by households and noncorporate businesses.
Correct Answer:
Verified
Q81: Gross national product is equal to:
A)gross domestic
Q85: Depreciation is:
A)income earned but not received.
B)an allowance
Q87: If real GDP increased by 2% and
Q93: If real GDP increased by 2% and
Q98: If real GDP decreased by 1% and
Q132: Household income after taxes is called:
A)national income.
B)gross
Q133: Which of the following is true?
A)Real GDP
Q134: A price index can fall from one
Q138: If nominal GDP increased from $5,000 billion
Q139: If nominal GDP increased from $4,500 billion
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