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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 2
Which of the following statements is true ?
A) National income is total income earned by households, whereas personal income is total income received by households.
B) Disposable personal income equals personal income minus personal taxes.
C) The expenditures approach and the income approach yield the same GDP figure.
D) All of the answers above are correct.
A) National income is total income earned by households, whereas personal income is total income received by households.
B) Disposable personal income equals personal income minus personal taxes.
C) The expenditures approach and the income approach yield the same GDP figure.
D) All of the answers above are correct.
Explanation
Verified
Verified
Therefore, the corre...
Economics for Today 9th Edition by Irvin Tucker
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