Multiple Choice
If personal income exceeds national income in a particular year, we can conclude that
A) transfer payments exceeded the sum of Social Security contributions, corporate income taxes, and taxes on production and imports.
B) the sum of Social Security contributions, corporate income taxes, and undistributed corporate profits exceeded transfer payments.
C) consumption of fixed capital and taxes on production and imports exceeded personal taxes.
D) transfer payments exceeded the sum of Social Security contributions, corporate income taxes, and undistributed corporate profits.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: All expenditures on new construction are included
Q37: The following are national income account data
Q38: The agency responsible for compiling the National
Q39: In year 1, Trailblazer Bicycle Company produced
Q40: The following are examples of final goods
Q42: In the treatment of U.S. exports and
Q43: Which of the following activities is excluded
Q44: Gross output (GO) for an economy in
Q45: National income accountants define investment to include<br>A)
Q46: <span class="ql-formula" data-value="\begin{array} { | l |