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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


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 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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