Compensation of employees is the largest component of national income.

Name: Compensation of employees is the largest component of national income.
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Quizplus · Accepted Answer

Compensation of employees refers to the total amount paid to workers in the form of wages, salaries, and benefits. As such, it represents a significant portion of national income, often accounting for around 70-80% of GDP in most countries. Therefore, the statement that compensation of employees is the largest component of national income is true.

Compensation of Employees Is the Largest Component of National Income