In Order to Determine Personal Income,what Adjustments Have to Be

question 5

Multiple Choice

In order to determine personal income,what adjustments have to be made to national income?

• A)subtract undistributed corporate profits,corporate income tax,social security taxes,and then add government transfers and private interest payments
• B)subtract undistributed corporate profits,social security taxes,government transfers,and then add private interest payments
• C)subtract undistributed corporate profits,corporate consumption allowance,corporate income tax,social security tax and then add government transfers and private interest payments
• D)subtract corporate income tax and social security taxes and then add corporate dividends,government transfers,and private interest payments

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Definitions:

Budget Line

A visual chart showing all the potential pairs of two items that can be bought within a specific budget at unchanged prices.

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Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase given their income and the prices of the goods.