- CFA Exams
- Forums
- Study Lounge
- Topic: What is the difference between national income and personal income?
| Author | Topic: What is the difference between national income and personal income? |
|---|---|
| bsvin @2010-01-17 08:16:33 |
Study information available here stay that: Some money can be earned but not received. What is the meaning of earned and received respectively? What is the difference of them? Thanks! |
| brainMan @2010-01-18 16:54:01 |
You work for a month and your boss is supposed to pay you $3,000. However, he is short of cash and he promise to pay you in two months. In this case, you have earned $3,000 but have not received it.
Check study session 7 where the accrual concept is discussed. brainMan |
| bsvin @2010-01-24 07:57:19 |
Thank you very much, brainman!! |
CFA Discussion Topic: What is the difference between national income and personal income?
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
