alleryStart learning →Most household income is made up of wages, salaries, commissions, tips and other:
ALabor income
BRental income
CLottery income
DInherited wealth
Answer & Solution
Correct answer: A. Labor income
1. Household income comes mainly from one source.
2. Most of our income is wages, salaries, commissions and tips.
3. These are described as other types of labor income.
4. Interest and rent make up much smaller shares.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
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