Which Term Refers to Income That Households and Noncorporate Businesses

question 88

Multiple Choice

Which term refers to income that households and noncorporate businesses receive called?

• A) disposable personal income
• B) aggregate income
• C) national income
• D) personal income

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Definitions:

Corruption

The abuse of entrusted power for private gain, which can occur in various forms including bribery, embezzlement, and fraud, affecting economic development and governance.

World Bank

An international financial institution that provides loans and grants to countries for development projects aimed at reducing poverty.

Basic Development Projects

Initiatives aimed at foundational improvements in an economy or society, such as infrastructure, education, and health services.

Developing Nations

Countries with a lower level of material well-being, lower income per capita, and generally striving to achieve higher levels of economic and social development.