In the national income and product accounts, personal income is calculated by subtracting from national income any

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In the national income and product accounts, personal income is calculated by subtracting from national income any income earned but not received and adding back in any income received but not earned. Explain.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:04 AM

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In the national income and product accounts, personal income is calculated by subtracting from national income any

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Domestic income by definition includes income earned by ...View the full answer

Macroeconomics

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