1. Which of the following is deducted from National Income to get Personal Income: a. personal taxes b. transfer payments c. indirect business taxes d. income currently earned, but not yet received e. income received, but not currently earned 2. What is deducted from Gross Investment to get Net Investment: a. income taxes b. depreciation expenditure c. the purchase of all existing shares of stock d. foreign direct investment (i.e. investment from other countries in our country) e. none of the above 3. Which of the following is the best explanation of a transfer payment: a. a transfer payment is money paid to employers who relocate in other areas of the country b. a transfer payment is money paid out as a stock dividend to shareholders c. a transfer payment is income redistributed by government from one individual to another individual d. a transfer payment is the method by which government pays bills for different services