A typical worker's normal or average income is called

Question

Quizplus · Accepted Answer

Permanent income refers to a person's normal or average income over an extended period of time, taking into account fluctuations in earning. It is seen as a better measure of a person's economic well-being compared to transitory income which can be affected by temporary factors such as changes in employment or seasonal fluctuations. The other options, life cycle and in-kind transfers, are not directly related to a typical worker's income.

A Typical Worker's Normal or Average Income Is Called