Option 2: Personal Income -> This formula represents the conversion from National Income to Personal Income. Personal Income is the actual income received by households before paying personal taxes. Starting from National Income, we subtract: (1) Undistributed profits (retained earnings not distributed to households), (2) Net interest payments made by households (outflow from households), and (3) Corporate tax (paid by corporations, not received by households). We then add Transfer payments (benefits, pensions, subsidies received by households from government and firms). This gives us the total income actually available to individuals/households, which is Personal Income. Personal Disposable Income would require one more step: subtracting personal/direct taxes from Personal Income. -> correct
Nation Income – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the…
CUET UG 2025 — Economics Macro
Nation Income – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms, is ______
Held on 22 May 2025 · Verified 13 Jul 2026.
Options
- A
Personal Disposable Income.
- B
Personal Income.
- C
Gross National Income.
- D
Net National Income.
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Macro in other years
More CUET UG Macro questions
Arrange the following chronologically: (A) Great Depression. (B) The Economic Consequences of the Peace. (C) An Enquiry into the Nature and cause of the Wealth of the Nations. (D) The General Theory of Employment, Interest and Money. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) C + I + G + (X-M) + NFIA | (I) $GDP_{MP}$ | | (B) $GDP_{MP}$ - Depreciation | (II) Domestic Income | | (C) NDP MP - IT + Subsidies | (III) $NDP_{MP}$ | | (D) $NDP_{MP}$ + Depreciation | (IV) $GNP_{MP}$ | Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A) Net National Product at Market Prices (NNP_MP) | (I) GNP_MP - Net Product Taxes - Net Production Taxes | | (B) Gross National Product at Market Prices (GNP_MP) | (II) GDP at market prices | | (C) Gross National Product at Factor Cost (GNP_FC) | (III) GNP_MP - Depreciation | | (D) GVA at Market Prices | (IV) GDP_MP + NFIA | Choose the correct answer from the options given below:
The change in the inventory of a firm is treated as an investment. What are the major categories of investment? (A) Investment Expenditure. (B) Autonomous Investment. (C) Fixed Business Investment. (D) Residential Investment. Choose the correct answer from the options given below:
Match List-I with List-II | List-I | List-II | |---|---| | (A). M1 | (I). Currency held by the public and net demand deposits held by commercial banks | | (B). M2 | (II). M3 + Total deposits with Post Office savings organisations | | (C). M3 | (III). M1 + Net time deposits of commercial banks | | (D). M4 | (IV). M1 + Savings deposits with Post Office savings banks | Choose the correct answer from the options given below:
Other Economics topics for CUET UG
Keep practicing Macro
Work through every CUET UG Macro PYQ, year by year.