Which of the Following Statements Is True

question 205

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 minus personal taxes.
• C) The expenditures approach and the income approach yield the same GDP figure.
• D) All of the above.

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Definitions:

Pathological Sign

An indication or evidence of a disease, disorder, or significant psychological problem.

Aloneness

A state of being alone or isolated from others, which can vary in its emotional impact on an individual, from being a positive, introspective experience to a source of loneliness and discomfort.

Defining Characteristic

A feature or quality that distinctly identifies and distinguishes an individual, concept, or phenomenon.

Finiteness

The state or quality of having limitations or bounds; recognizing the limits of one's life, resources, or abilities.