Economics · National Income
Personal income is equal to which of the following?
- 1National income + Transfer payments - Undistributed profits - Corporate taxes✓
- 2National Income + Transfer Payments + Direct taxes
- 3National income + Transfer payments + Undistributed profits - Corporate taxes
- 4GNP - Depreciation
Correct answer
National income + Transfer payments - Undistributed profits - Corporate taxes
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