The average annual income that people expect to receive for the remainder of their lives is called
A) lifetime income.
B) permanent income.
C) disposable personal income.
D) current income.

Question

Quizplus · Accepted Answer

The term for the average annual income that people expect to receive for the remainder of their lives is called permanent income. Lifetime income may also be correct, but permanent income is a more specific term used in economics. Disposable personal income refers to the amount of money an individual or household has available to spend or save after taxes have been deducted from their overall income. Current income refers to a person's income in the present or current year.

The Average Annual Income That People Expect to Receive for the Remainder