Difference between personal and national income ?Difference between real and nominal GDP ?Quantity theory of money ?
Question
Difference between personal and national income ?Difference between real and nominal GDP ?Quantity theory of money ?
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Solution 1
- Difference between Personal and National Income:
- Personal Income: This is the total income received by individuals of a country from all possible sources before direct taxes are deducted. It includes wages, salaries, interest, dividends, etc.
- National Income: This is the total value of Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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