In macroeconomics,the term "national income" refers to
A)all sales of both current production and used goods.
B)only those sales of currently produced goods sold to other nations.
C)the value of a nation's total wealth.
D)the value of the income generated by the production of total output.
E)total current spending by all households.

Question

Quizplus · Accepted Answer

National income refers to the value of income generated by the production of total output within a nation's borders. It includes the income earned by individuals, businesses, and the government from the production of goods and services. It is an important measure of a nation's economic activity and is used to assess the country's overall economic performance. Choices A, B, C, and E do not accurately define national income.

In Macroeconomics,the Term "National Income" Refers to