Personal income is:
a. total income received by households before taxes.
b. the amount households have available for consumption, savings, and payment of personal taxes.
c. national income minus corporate profits and Social Security (FICA) plus transfer payments, and other income.
d. all of these.
d
Economics
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Although it declined in the first quarter of 2009, the United States was still running a trade deficit, which means that the United States would have to
A) increase the money supply. B) decrease the value of its financial account. C) devalue the dollar. D) sell some of its assets to foreigners.
Economics
Provide the definition for a regressive tax and give an example
What will be an ideal response?
Economics