MAY 2025Foundation
Which of the following is true in relation with Private Income under the concept of National Income?
A
(A) It is personal income adjusted by inflation rate.
B
(B) It is personal income less personal income tax.
C
(C) It is the income (both factor & transfer income) accrued to private sector from all sources within the country only.
D
(D) It is income (both factor and transfer income) accrued to the private sector from all sources within and outside the country.