If a person's asset income rises and his or her transfer payments (received)decline, it follows that that person's

Question

Quizplus · Accepted Answer

The overall income may rise, fall, or remain constant depending on the magnitude of the changes in asset income and transfer payments. If the increase in asset income is greater than the decrease in transfer payments, overall income will rise. If the decrease in transfer payments is greater, overall income will fall. If they are equal, overall income will remain constant.

If a Person's Asset Income Rises and His or Her