Personal income does not include
a. transfer payments.
b. capital consumption allowance.
c. dividends.
d. interest income.
b. capital consumption allowance.
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Which of the following is not part of an oligopolist's business strategy?
A) determining the amount of advertising a new product needs B) deciding the level of total output of a new product C) meeting worker health and safety standards required of all firms D) setting the product's price after considering what rivals will do
An important explanation of the high income inequality in Brazil is unequal access to
a. food b. education c. infrastructure d. jobs e. none of the above
Price floors set a legal minimum price on a product or commodity
a. True b. False Indicate whether the statement is true or false
In Kejana’s country, the population is growing at a rate of 3.5 percent per year. Due to environmental factors, the country has a limited supply of land on which to grow food, and food output is increasing at a rate of 2.75 percent per year. The population growth rate in Kejana’s country is ______ the per capita output.
a. having minimal impact on b. positively affecting c. operating separately from d. negatively affecting