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299

Q:

Personal Income produced in a country is not included in–

  • 1
    Production income from NDP
  • 2
    Net Production Income from foreign.
  • 3
    Transfer Income from government
  • 4
    Current Payment on Foreign loans.
  • Show Answer
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Answer : 4. "Current Payment on Foreign loans."
Explanation :

The Current payment on foreign loans are not included in personal Income. In economics, personal income refers to an individual’s total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes received by all the individuals or household during a given period.

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