10-05-2011, 05:21 PM
Hi.
Im new to this service and was wondering if anyone could answer a question I'm having trouble with.
Currently studying Macroeconomics and do not understand question #17 in the second "unit" (measurement of economic performance)
__________ Income is the income earned that is available to resource suppliers and others before payment of personal taxes.
Answer:
Wrong
Detailed Explanation:
Personal. Personal income is different than National Income because some of the money accounted for in National Income is earned by corporations and some of the money received is not actually earned but is gained through transfer payments (pension benefits, employment insurance, etc.)
Is this term "personal income" actually associated with this definition? Does not seem correct!?
Any advice would be greatly appreciated!!!!
Im new to this service and was wondering if anyone could answer a question I'm having trouble with.
Currently studying Macroeconomics and do not understand question #17 in the second "unit" (measurement of economic performance)
__________ Income is the income earned that is available to resource suppliers and others before payment of personal taxes.
Answer:
Wrong
Detailed Explanation:
Personal. Personal income is different than National Income because some of the money accounted for in National Income is earned by corporations and some of the money received is not actually earned but is gained through transfer payments (pension benefits, employment insurance, etc.)
Is this term "personal income" actually associated with this definition? Does not seem correct!?
Any advice would be greatly appreciated!!!!
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