What does personal income measure?
A) aggregate income minus the statistical discrepancy
B) GDP minus depreciation
C) the income earned by owners of factors of production used in making final goods and services
D) the total amount of income received by households before taxes
Correct Answer:
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Q63: Which of the following is NOT considered
Q64: What is the Consumer Price Index used
Q65: What does net domestic income at factor
Q66: What is the term for the total
Q67: What is depreciation?
A)It is an indirect business
Q69: By how much is gross domestic product
Q70: What is personal income?
A)It is earned income.
B)It
Q71: If individuals were paid for their household
Q72: How is nominal GDP defined?
A)the base-year market
Q73: What is the largest source of income?
A)profits
B)interest
C)rent
D)wages
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