Social security payments to retired persons are included in:
A. Both GDP and personal income.
B. Personal income and disposable income.
C. National income but not personal income.
D. National income and subtracted to get personal income.
Answer:B
Social security payments to retired persons are included in:
A. Both GDP and personal income. B. Personal income and disposable income. C. National income but not personal income. D. National income and subtracted to get personal income.