MCQOPTIONS
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MCQOPTIONS
| 1. |
In National Income (NI) accounts, Personal Income (PI) is defined as |
| A. | NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms |
| B. | NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms |
| C. | Undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms |
| D. | Undistributed profits - net interest payments made by households + households from the government and firms |
| Answer» B. NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms | |