The largest component of national income is:
A)compensation of employees
B)proprietor's income
C)rental income
D)corporate profits

Question

Quizplus · Accepted Answer

Compensation of employees refers to wages, salaries, and benefits paid to workers, which is the largest component of national income. This includes payments to employees of both private and government organizations. In 2020, compensation of employees accounted for almost 57% of national income in the United States.

The Largest Component of National Income Is