The income that people receive is called:

Question

Quizplus · Accepted Answer

Personal income refers to the income received by individuals from all sources, including wages, salaries, rent, interest, and dividends. It does not include government transfer payments. National income is the total income earned by all factors of production, including businesses and individuals. Disposable personal income is personal income after taxes are paid. Transfer payments refer to government payments to individuals for which no goods or services are provided in return (such as Social Security or unemployment benefits).

The Income That People Receive Is Called