National income is
A)the sum of all wages and salaries, interest, rent, and profits in the economy.
B)equal to the money value of national output.
C)the before-tax income of all individuals in the economy.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

National income is the total income earned by all the factors of production in an economy during a given period of time. It is equal to the money value of national output and includes all wages and salaries, interest, rent, and profits.

National Income Is