Which of the Following Statements Is True

question 61

Multiple Choice

Which of the following statements is true?

• A) National income accountants consider the portion of corporate profits that is used to pay corporate profits taxes to be income earned by households but not received.
• B) Net domestic product (NDP)is a smaller dollar amount than GDP.
• C) Personal income includes transfer payments.
• D) b and c
• E) a,b,and c

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Definitions:

Disabilities

Conditions that limit a person’s physical, mental, or sensory abilities, affecting their daily life and potentially requiring special accommodations.

Life Expectancy

The average duration an individual or population is expected to live, often used as an indicator of the health and well-being of a society.

Longevity

The duration or length of an individual's life or existence, often studied in the context of seeking to extend the healthy lifespan.

Functional Age

The actual competence and performance levels of an individual, as opposed to their chronological age.