Income that flows to the private sector for services and production, is called

Question

Quizplus · Accepted Answer

National income is the income earned by factors of production within a country and is a measure of the income flowing to the private sector for services and production. Net income is the income remaining after taxes and expenses are deducted, deficit income is when expenses exceed income, and derived income is a term that is not commonly used in economics.

Income That Flows to the Private Sector for Services and Production