The total amount of income earned by U.S. resource suppliers in a year, plus taxes on production and imports, is measured by

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Quizplus · Accepted Answer

National income measures the total income earned by the resource suppliers in a country, including corporate and government income, in addition to taxes on production and imports. Gross domestic product (GDP) only measures the total value of goods and services produced within a country's borders in a year, not including taxes; personal income only measures the income received by individuals and households; and disposable income measures the income left after taxes and transfers, which is available for spending or saving.

The Total Amount of Income Earned by U