What is personal income?
A) It is earned income.
B) It is income that is not reported to the government.
C) It is income that is calculated by subtracting indirect taxes and personal taxes from GDP.
D) It is income that includes transfer payment.
Correct Answer:
Verified
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
Q68: What does personal income measure?
A)aggregate income minus
Q69: By how much is gross domestic product
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
Q74: Which of the following statements about the
Q75: What is the CPI a measure of?
A)the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents