Which of the Following Statements Is True

question 107

Multiple Choice

Which of the following statements is true ?

• A) National income is total income earned by households whereas personal income is total income received by households (including transfer payments).
• B) Disposable personal income equals personal income plus personal taxes.
• C) The expenditures approach yields a higher GDP value than the income approach.
• D) The expenditures approach yields a lower GDP value than the income approach.

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Definitions:

Direct Individual Change

Personal transformation or development initiated and completed by an individual through their own efforts.

Multiracial Social Movements

Collective efforts by groups composed of individuals from multiple racial backgrounds aiming to address and advocate for racial and social justice issues.

Color-Blind Ideology

A belief that disregarding racial characteristics promotes racial equality by treating all individuals as equally as possible, without regard to race, culture, or ethnicity.

Structural Racism

A framework where institutional practices, public policies, cultural portrayals, and societal norms interplay, frequently in reinforcing manners, to continue the imbalance of equity among racial groups.