Question

A man possesses two bungalows, a car and big jeep. These are the
examples of which type of income?
a.Money income
b.Real income
c.Psychic income

Answer 1

Answer: Money incom because it can only offered by rich person who has money so it can be included in money income

Answer 2

Answer:

It is an example of real income. Real income refers to goods and services that one is able to purchase with the help of money. It includes any inherited land property, dairy farming, durable goods owned, etc.

Real income can be classified as: Direct Income and Indirect Income. All the goods and services obtained by a family on payment of money is termed as indirect income. It is because such goods can be either used by the family or sold in the market for income.