What Is the Difference Between National Income and Personal Income

Multiple Choice

What is the difference between national income and personal income?

A) personal taxes
B) National income includes income earned both in the United States and abroad, while personal income only includes that income earned within the borders of the United States.
C) National income represents before-tax income, while personal income measures how much is available for spending after all taxes have been subtracted.
D) National income represents income earned by American-owned resources, while personal income measures received income, whether earned or unearned.