The income that people earn in resource or factor markets is called:
A) national income.
B) personal income.
C) disposable personal income.
D) transfer payments.
Correct Answer:
Verified
Q94: Exhibit 5-7 GDP data (billions of dollars)
Q95: Personal income is:
A) total income received by
Q96: Exhibit 5-7 GDP data (billions of dollars)
Q97: To compute national income from GDP,
A) national
Q98: National income:
A) represents total wages and salaries
Q100: Increased production, but not increased inflation, will
Q101: Exhibit 5-6 Use the table below to
Q102: In a given year, U.S. nominal GDP was
Q103: Why is it important to distinguish nominal
Q104: Why is it important to use real
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