Mixed income of the self-employed is so called because

their labour income and their property income cannot be separatedCorrect answerYour answerthey earn in both rupees and dollarsCorrect answerYour answerthey work in both farming and industryCorrect answerYour answerit includes transfer paymentsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

A shopkeeper working in his own shop earns for his labour, his capital and his enterprise together.
The parts cannot be split into wages, rent, interest and profit, so the income is 'mixed'.

Concept: Mixed income
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsIncome method

Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapter All 69 questions in Measuring National Income Revise the notes for Measuring National Income

Mixed income of the self-employed is so called because

Explanation