In National Income (NI) accounts, Personal Income (PI) is de

CAPF

107

M: +2.00/-0.66

In National Income (NI) accounts, Personal Income (PI) is defined as

[CAPF 2018]

A NI – undistributed profits – net interest payments made by households – corporate tax + transfer payments to the households from the government and firms

B NI – undistributed profits −corporate tax + transfer payments to the households from the government and firms

C Undistributed profits – net interest payments made by households + transfer payments to the households from the government and firms

D Undistributed profits – net interest payments made by households – corporate tax