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Christiana Adeika
on Oct 13, 2024

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National income is the sum of all of the following except

A) wages.
B) savings.
C) interest.
D) rent.
E) profits.

National Income

The total amount of money earned within a country from the production of goods and services over a specific period.

Profits

The financial gain that is achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

  • Understand the concept of national income and its components.
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