In National Income (NI) accounts, Personal Income (PI) is defined as

A)
NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms
B)
NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms
C)
Undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms
D)
Undistributed profits - net interest payments made by households - corporate tax

Correct Answer : Option (B) - NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms


Published On : May 22, 2021
Category : Business and Economics