Personal income is:
A) total income received by households before taxes.
B) the amount households have available for consumption, savings, and payment of personal taxes.
C) national income minus corporate profits and Social Security (FICA) plus transfer payments, and other income.
D) all of the above.
Correct Answer:
Verified
Q83: Which national income account should be examined
Q90: Disposable personal income:
A) includes personal income taxes.
B)
Q130: The equation for determining real GDP for
Q131: National income is calculated by subtracting _
Q133: Personal income minus personal taxes is:
A) disposable
Q134: Gross domestic product that is based on
Q136: The income that people earn in resource
Q137: The sum of payments made to resource
Q138: National income:
A) is included in gross private
Q139: To get Personal Income from National Income,
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