Personal income includes:
a. income received in the form of transfer payments.
b. wages and salaries
c. interest earnings on bonds.
d. all of the above.
d
You might also like to view...
Which of the following is NOT statistically correlated with higher economic growth rates?
A) higher rates of private investment spending B) higher rates of government investment spending C) greater political stability D) higher fertility rates E) higher school enrollment rates
What are the advantages of a tax system for pollution control?
What will be an ideal response?
Which of the following statements is true?
A. Keynesians believe that consumers are inherently unstable in consumption decisions, but that businesses are relatively stable in making investment decisions. B. Monetarists believe in discretionary monetary policy. C. Lowering tax rates is the main priority of supply side economists. D. Supply-side economists believe in a heavily regulated economy.
Keynesian economists would likely argue that the classical model is which of the following?
A. a sticky price theory B. a short-run theory C. both a long-run and short-run theory D. a long-run theory