The sum of all income, including wages, salaries and benefits, profits, rental income, and interest, is called _____ income.
A) labor
B) gross domestic
C) national
D) pretax

Question

Quizplus · Accepted Answer

National income is a measure of the income generated by a country's economy, including all income earned by individuals and businesses within the country's borders. It includes income from wages, salaries, profits, rental income, and interest, and is often used as an indicator of a country's economic health. Labor income only includes wages and salaries earned by individuals, while gross domestic income and pretax income are less comprehensive measures of income.

The Sum of All Income, Including Wages, Salaries and Benefits