Which of the following is added to national income while calculating personal income?

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ATransfer payments to individuals

BSocial security contributions

CCorporate taxes

DUndistributed profits

Answer:

Personal income refers to the income of the individuals of a country. While transfer payments are added, the other three are subtracted.

Related Questions:

What can be conisdered as the phrase meaning of ‘the quantity of goods and services is increasing’ ?

i.National income remains unchanged

ii.National income declines

iii.National income increases

iv.None of these

Which among the following are the factor/s that determine the national income of a country?

i.The state of technical knowledge

ii.Quantity and Quality of factors of produced

iii.Economic and Political stability

iv. All of the above

Which of the following expenditures are considered while calculating National Income?

i.Consumption expenditure

ii.Government expenditure

iii.Investment expenditure