Question

Personal income is A. national income minus retained corporate earnings plus government transfer payments and interest on government bonds. B. equal to the value of all final goods and services produced within a​ country's borders during one year. C. national income minus income taxes. D. national income plus government transfer payments.

Answer 1

Answer: Personal income is "A. national income minus retained corporate earnings plus government transfer payments and interest on government bonds."

Explanation: Personal income is the term used to refer to all income received by all individuals in a country. This term includes salaries, salaries, bonuses, dividends, investment income, rental income and profit sharing of companies.