The sum of payments made to resource owners for the use of their resources is:

Question

Quizplus · Accepted Answer

The sum of payments made to resource owners is called National Income. Gross Domestic Product (A) is the sum of all final goods and services produced within a country's borders during a specific period, while Net Domestic Product (B) is the value of all goods and services produced in a country minus the depreciation (wear and tear) of capital goods used in producing them. Personal Income (D) is the income received by individuals from all sources, while Disposable Personal Income (E) is the money individuals have left after paying taxes. Neither of these concepts directly relates to payments made to resource owners.

The Sum of Payments Made to Resource Owners for the Use