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Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. Personal Income Personal income is the income that households and noncorporate businesses receive. Personal income is the income that households and noncorporate businesses receive. b. the available production technology does not change. a. disposable personal income. O D. National Income. O C. Personal Income. Uploaded By adammo89. National income is defined as A) the total income of a nation's permanent residents minus losses from depreciation. SecondEdition Canadian Edition First Canadian Overview. d. national income. B. Which term refers to income that households and noncorporate businesses receive called? Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. In addition, it includes households interest income … Question 2 Multiple Choice 2 of 2 points The income that households and. What is the income that households and noncorporate businesses receive called? Multiple Choice . In addition, it includes household’s interest income … In this economy, households buy goods and services from firms; these expenditures flow through the markets for goods and services. B) the income that households and noncorporate businesses receive. a. more of one good must be given up to receive one unit of the other good. The firms in turn use the money they receive from sales to pay workers’ wages, landowners’ rent, and firm owners’ profit; this income … b. aggregate income. a. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. c. national income. Question: QUESTION 28 The Income That Households And Noncorporate Businesses Receive Is Called O A Disposable Personal Income. Unlike national income, it excludes retained earnings, which is income that corporations have earned but have not paid out to their owners. Principles of Macroeconomics: Ch 10. In addition, it includes household’s interest income and government transfers. A series of adjustments takes us from national income to personal income, the amount of income that households and noncorporate businesses receive. 21. On a bowed production possibilities frontier, as you move down along the curve. Why an economys total income equals its total expenditure. ANSWER: d. What does personal income include and exclude? Net National Product. d. personal income. Three of these adjustments are most important. Test Prep. C) the total income earned by a nation's permanent residents in the production of goods and services. Personal Income • • • Personal income is the income that households and noncorporate businesses receive. 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