Cumulative Exam — Cumulative exam

Question 4 • DRHS GA-GSE Personal Finance and Economics

An income is measured as

Answer

all money received, including gifts, in the course of a year.

an amount spent in one week’s time.

an amount received in a specific period: weekly, biweekly, or yearly.

all money saved during a year’s time.

Explanation

Income is money received over a specific period of time, such as a week, every two weeks, or a year. Choice C gives these examples. Spending and saving describe how money is used, not how income is measured.

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