SecondEdition Canadian Edition First Canadian Overview. In addition, it includes household’s interest income and government transfers. Question 2 multiple choice 2 of 2 points the income School Rutgers University; Course Title ECONOMICS 103; Type. Multiple Choice . On a bowed production possibilities frontier, as you move down along the curve. Uploaded By adammo89. Personal Income Personal income is the income that households and noncorporate businesses receive. O C. Personal Income. Principles of Macroeconomics: Ch 10. d. personal income. Three of these adjustments are most important. In addition, it includes households interest income … Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. In this economy, households buy goods and services from firms; these expenditures flow through the markets for goods and services. b. aggregate income. National income is defined as A) the total income of a nation's permanent residents minus losses from depreciation. B. Why an economys total income equals its total expenditure. In addition, it includes household’s interest income and government transfers. Question: QUESTION 28 The Income That Households And Noncorporate Businesses Receive Is Called O A Disposable Personal Income. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. a. more of one good must be given up to receive one unit of the other good. b. the available production technology does not change. d. national income. The firms in turn use the money they receive from sales to pay workers’ wages, landowners’ rent, and firm owners’ profit; this income … Personal Income: The income that households and noncorporate businesses receive. Question 2 Multiple Choice 2 of 2 points The income that households and. ANSWER: d. What does personal income include and exclude? Test Prep. a. Free. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. B) the income that households and noncorporate businesses receive. a. disposable personal income. ... c. disposable personal income. Personal Income • • • Personal income is the income that households and noncorporate businesses receive. Net National Product. Personal Income Personal income is the income that households and noncorporate businesses receive. O D. National Income. Which term refers to income that households and noncorporate businesses receive called? Disposable Personal Income: The income that households and noncorporate businesses have left after taxes. A)disposable personal income B)proprietors' income C)national income D)personal income. The income that households and noncorporate businesses receive is called. c. national income. 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