Permanent income is ?
Correct answer: E. a person's normal or average income
- A. Social Security income of the elderly and disabled
- B. none of these answers
- C. wages fixed by a union or other labour contract
- D. equal to the minimum wage
- E. a person's normal or average income
Explanation
Permanent income is the normal or expected average income a person can maintain over time, unlike a temporary bonus, loss, or one-period fluctuation. It is therefore distinct from the minimum wage, union-set wages, and targeted benefits.
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