Personal income is most likely to exceed national income:

CA Foundation · Business Economics · MTP · June 2024
Personal income is most likely to exceed national income:
(A) A. when gross and net investment are equal.
(B) B. during a period of recession or depression.
(C) C. when gross investment exceeds net investment.
(D) D. during a period of extended inflation.

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. during a period of recession or depression.

Topics: Determination of National Income

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