Economics · National Income
What is personal income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total income received by individuals and households before personal direct taxes are deducted✓
- 2The income earned by individuals through their own business or self-employment
- 3The total income earned by businesses and corporations in an economy
- 4The income earned by individuals and households after taxes and other deductions
Correct answer
The total income received by individuals and households before personal direct taxes are deducted
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