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
A
You might also like to view...
Some hotels in Myrtle Beach, South Carolina charge over $200 a night in the summer but sometimes as little as $99 a night in the winter. Use supply and demand analysis, including graphical and verbal explanation, for these winter “sales.”
What will be an ideal response?
The unemployment rate rises any time there is an increase in the number of unemployed persons
a. True b. False Indicate whether the statement is true or false
What determines how a change in prices will affect total revenue for a company?
a) elasticity of demand b) the company's pricing policy c) values of elasticity d) the consumers' income
Which of the following statements is correct?
A. The value of the independent variable is determined by the value of the dependent variable. B. The value of the dependent variable is determined by the value of the independent variable. C. The dependent variable designates the "cause" and the independent variable the "effect." D. Dependent variables graph as upsloping lines; independent variables graph as downsloping lines.