Test Prep. SecondEdition Canadian Edition First Canadian Overview. O D. National Income. Personal Income: The income that households and noncorporate businesses receive. Multiple Choice . In addition, it includes household’s interest income and government transfers. Question: QUESTION 28 The Income That Households And Noncorporate Businesses Receive Is Called O A Disposable Personal Income. The firms in turn use the money they receive from sales to pay workers’ wages, landowners’ rent, and firm owners’ profit; this income … Why an economys total income equals its total expenditure. In this economy, households buy goods and services from firms; these expenditures flow through the markets for goods and services. Principles of Macroeconomics: Ch 10. d. personal income. Net National Product. Question 2 multiple choice 2 of 2 points the income School Rutgers University; Course Title ECONOMICS 103; Type. a. disposable personal income. Free. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. On a bowed production possibilities frontier, as you move down along the curve. What is the income that households and noncorporate businesses receive called? Which term refers to income that households and noncorporate businesses receive called? Three of these adjustments are most important. Disposable Personal Income: The income that households and noncorporate businesses have left after taxes. 21. Personal Income • • • Personal income is the income that households and noncorporate businesses receive. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. Question 2 Multiple Choice 2 of 2 points The income that households and. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. c. national income. a. B) the income that households and noncorporate businesses receive. In addition, it includes household’s interest income … a. more of one good must be given up to receive one unit of the other good. In addition, it includes households interest income … The income that households and noncorporate businesses receive is called. b. the available production technology does not change. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. O C. Personal Income. b. aggregate income. A)disposable personal income B)proprietors' income C)national income D)personal income. ANSWER: d. What does personal income include and exclude? Personal income is the income that households and noncorporate businesses receive. d. national income. 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