Asked by
Christiana Adeika
on Oct 13, 2024Verified
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.
Verified Answer
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Learning Objectives
- Understand the concept of national income and its components.