Personal income is:
A) total income received by households after taxes.
B) the amount households have available for consumption, savings, and payment of personal taxes.
C) national income plus corporate profits and Social Security (FICA) plus transfer payments, and other income.
D) equal to gross domestic product.
Correct Answer:
Verified
Q90: Disposable personal income:
A) includes personal income taxes.
B)
Q91: Exhibit 5-8 GDP data (billions of dollars)
Q92: To get personal income from national income,
Q93: Personal income equals disposable personal income plus:
A)
Q94: Exhibit 5-7 GDP data (billions of dollars)
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
Q99: The income that people earn in resource
Q100: Increased production, but not increased inflation, will
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