Question

Income is the total …1.. of goods and services a person can buy during a certain period of time with no loss of …3... Income …4.. interest and other returns from the …5.. of wealth, but income is not wealth. Income is received in the form of money or as items called …6.. income. Types of income Economists classify income in various ways: …7.. income is the total income received in a nation during a certain period, except for the income of corporations. It includes the income of individuals, non-profit institutions, and unincorporated business. *..8… income is received during a specific period by the corporation in a country. …9.. income is the total of all income in a nation during a set period. It is calculated by subtracting the cost of depreciation and certain business taxes from the Gross National Product. Income is sometimes measured by comparing gross income to net income and money income to real income. ..10… income is income before taxes and other expenses have been deducted. ..11.. income is what remains after deducting all such expenses…12.. income is the value of an income in currency. ..13.. income measures purchasing power ( the amount of goods and services that can be bought with a specific money income ) Real income changes according to changes in money income or in the prices of goods and services, or both. If, during a period of ..14…, prices rise faster than money income, real income ..15… and a given amount of money buys fewer items. Sources of income Income sources are divided into two categories based on earned income and ..16… income. Sources of earned income consist chiefly of ..17… and salaries. Earned income is received in return of ..18... Sources of unearned income include ..19.. ,profits ,and rent. Unearned income is received in return for the use of resources Banks and other financial institutions pay interest on savings accounts, and corporations and government pay interest on bonds. Other sources of unearned income include gifts, ..20…, and certain transfer payments, such as unemp

Answer 1

Відповідь:What? You crazy

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Answer 2

1. Income is the total amount of goods and services a person can buy during a certain period of time with no loss of purchasing power.
2. Income includes interest and other returns from the ownership of wealth, but income is not wealth.
3. Income is received in the form of money or as items called in-kind income.
4. Types of income: Economists classify income in various ways:
5. National income is the total income received in a nation during a certain period, except for the income of corporations. It includes the income of individuals, non-profit institutions, and unincorporated businesses.
6. Corporate income is received during a specific period by corporations in a country.
7. Gross national income is the total of all income in a nation during a set period. It is calculated by subtracting the cost of depreciation and certain business taxes from the Gross National Product.
8. Income is sometimes measured by comparing gross income to net income and money income to real income.
9. Gross income is income before taxes and other expenses have been deducted.
10. Net income is what remains after deducting all such expenses.
11. Money income is the value of an income in currency.
12. Real income measures purchasing power (the amount of goods and services that can be bought with a specific money income). Real income changes according to changes in money income or in the prices of goods and services, or both. If, during a period of inflation, prices rise faster than money income, real income decreases and a given amount of money buys fewer items.
13. Sources of income: Income sources are divided into two categories based on earned income and unearned income.
14. Sources of earned income consist chiefly of wages and salaries. Earned income is received in return for labor.
15. Sources of unearned income include interest, profits, and rent. Unearned income is received in return for the use of resources. Banks and other financial institutions pay interest on savings accounts, and corporations and governments pay interest on bonds.
16. Other sources of unearned income include gifts, dividends, and certain transfer payments, such as unemployment benefits.