Which of the following is the correct equation for computing personal income?
A) Personal income = National income + undistributed profits - social insurance taxes - corporate profits taxes + transfer payments.
B) Personal income = National income - undistributed profits - social insurance taxes + corporate profits taxes + transfer payments
C) Personal income = National income - taxes
D) Personal income = National income - undistributed corporate profits - social insurance taxes - corporate profits taxes + transfer payments
E) none of the above
D
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The marginal propensity to consume is
a. the change in consumption associated with a change in income. b. equal to the marginal propensity to save minus 1. c. equal to 1 minus the marginal tax rate. d. the change in consumption associated with a change in wealth.
Strikebreakers
A) can reduce the bargaining power of a union. B) can strengthen the bargaining power of a union. C) make a union negotiation invalid. D) make a strike permanent.