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Household Income Is Defined as

Question 263

Multiple Choice

Household income is defined as


A) net national income, less retained earnings, plus transfer payments, plus interest on government bonds.
B) net national income, plus retained earnings, less transfer payments, less interest on government bonds.
C) net national income less depreciation.
D) net national income less personal taxes.
E) gross national product less taxes paid.

Correct Answer:

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