The Difference Between Personal Disposable Income and GDP Declines During

Multiple Choice

The difference between personal disposable income and GDP declines during recessions and expands during boom times because

A) revenues collected by progressive income taxes climb faster than GDP during economic booms.
B) unemployment compensation payments and other transfer programs expand during recessions.
C) revenues collected by progressive income taxes fall faster than GDP during recessions.
D) unemployment compensation payments and other transfer programs contract during economic booms.
E) all of the above.