Transfer Payments Are Part of Personal Income but Not National

question 109

Multiple Choice

Transfer payments are part of personal income but not national income because

• A)They are a payment for which no goods or services are exchanged.
• B)Personal income is an earnings concept.
• C)National income is a receipts concept.
• D)They represent a payment to factors of production.

---

Definitions:

Scientific Method

A systematic approach to research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Sexual History

An account of an individual's past sexual activities, preferences, and significant experiences.

Divorced

The legal dissolution of a marriage by a court or other competent body, resulting in the termination of a marital union.

Descriptive Research Method

A systematic approach to research that aims to describe the characteristics of a phenomenon or population without manipulating variables.