Personal income is:
A. Less than GDP but more than national income.
B. Less than national income but more than disposable income.
C. Equal to consumption spending plus personal saving.
D. Equal to consumption spending plus personal saving plus indirect business taxes.
Answer:B
Personal income is:
A. Less than GDP but more than national income. B. Less than national income but more than disposable income. C. Equal to consumption spending plus personal saving. D. Equal to consumption spending plus personal saving plus indirect business taxes.