What is the difference between national income and personal income?
A) personal taxes
B) National income includes income earned both in the United States and abroad, while personal income only includes that income earned within the borders of the United States.
C) National income represents before-tax income, while personal income measures how much is available for spending after all taxes have been subtracted.
D) National income represents income earned by American-owned resources, while personal income measures received income, whether earned or unearned.
Correct Answer:
Verified
Q84: If net foreign factor income is zero
Q85: Q86: Q87: Transfer payments are included in Q88: The total amount of income earned by Q90: Which of the following is the smallest Q91: Corporate profits are found by Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) NI.
B) PI.
C)
A) summing corporate
