Personal income is national income:
A) less corporate profits, taxes on production, contributions for social insurance, net interest, business transfers and surplus of government enterprises plus personal income receipts on assets and personal transfer payments.
B) less corporate profits, taxes on production, contributions for social insurance, net interest, business transfers, surplus of government enterprises, personal income receipts on assets and personal transfer payments.
C) plus corporate profits, taxes on production, contributions for social insurance, net interest, business transfers and surplus of government enterprises less personal income receipts on assets and personal transfer payments.
D) plus corporate profits, taxes on production, contributions for social insurance, net interest, business transfers, surplus of government enterprises, personal income receipts on assets and personal transfer payments.
Correct Answer:
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Q45: The consumer price index (CPI):
A)cannot be constructed
Q46: Q47: The consumer price index is biased because Q48: The consumer price index is constructed from: Q49: What is real GDP and what makes Q51: Gross national product (GNP) is gross domestic Q52: What parts of welfare does real GDP Q53: What is nominal gross domestic product (GDP)? Q54: Net national product (NNP) is gross national Q55: What is the relationship between nominal and
A)tax
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