Asked by Kennedy Ellison on Jul 24, 2024
Verified
Personal income in the United States is primarily determined by selling labor services.
Personal Income
the total earnings received by individuals from all sources before taxes, including wages, salaries, benefits, and investment income.
Labor Services
Work performed by individuals for wages or salary, especially in the context of the workforce contributing to economic output.
- Comprehend the function of labor movement, sources of income, and the transition from countryside to city environments in the advancement of the economy.
Verified Answer
BB
Benlevite Ben IsraelJul 26, 2024
Final Answer :
True
Explanation :
Personal income in the United States is primarily derived from wages and salaries earned by selling labor services. Other sources of personal income include business profits, investments, and government transfers.
Learning Objectives
- Comprehend the function of labor movement, sources of income, and the transition from countryside to city environments in the advancement of the economy.
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