**Question:** Match the concepts in Column A with their respective descriptions in Column B.

**Column A** a. Gross national product b. Net national product c. Personal income d. Disposable personal income

**Column B**
1: Annual income received by the individual’s production in a given period 2: After the tax of personal income 3: Money value of the national output 4: Net production of goods services during the year

Question

**Question:** Match the concepts in Column A with their respective descriptions in Column B.

**Column A** a. Gross national product b. Net national product c. Personal income d. Disposable personal income

**Column B**
1: Annual income received by the individual’s production in a given period 2: After the tax of personal income 3: Money value of the national output 4: Net production of goods services during the year

Accepted Answer

The correct matching is:

a. Gross national product → 3. Money value of the national output — It represents the total monetary value of all goods and services produced by a nation.

b. Net national product → 4. Net production of goods services during the year — It is GNP minus depreciation, showing actual production.

c. Personal income → 1. Annual income received by the individual’s production in a given period — It reflects income earned by individuals.

d. Disposable personal income → 2. After the tax of personal income — It is the income available to individuals after paying taxes.

Final answer: **a-3, b-4, c-1, d-2**

Answer

Answer

Answer