Question : National income received by the households is called_____.
Option 1: domestic income
Option 2: professional income
Option 3: personal income
Option 4: disposable income
Answer (1)
16th Jan, 2024
Correct Answer: personal income
Solution : The correct option is personal income .
The national income received by households is called "personal income." Personal income includes all income received by individuals and households, such as wages, salaries, rental income, dividends, and transfer payments like social security and unemployment benefits. It represents the total amount of money that individuals receive before taxes and other deductions.
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