Disposable income is obtained by
a. subtracting personal income taxes from personal income.
b. subtracting personal income taxes from national income.
c. adding transfer payments to national income.
d. adding transfer payments to personal income.
a
Economics
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A natural resource, such as fishing territories, is considered an example of
A) both land and labor. B) land, labor, capital and entrepreneurship. C) land only. D) only capital.
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The two most important American business cycle events of the twentieth century were
A) the Great Depression and stagflation. B) World War II and the Great Depression. C) the productivity slowdown and the Great Depression. D) government budget deficits and World War II.
Economics