National Income is best defined as sum of all income earned by
A)American-owned resources,located in the U.S.and abroad
B)resources located in the U.S.
C)American-owned resources located abroad
D)American-owned resources minus income earned by foreign owned resources located in the U.S.
E)American owned resources in the U.S.minus income earned by American owned resources located abroad

Question

Quizplus · Accepted Answer

National Income is the total income earned by a nation's residents and businesses, including income from abroad, which aligns with American-owned resources located both in the U.S. and abroad.

National Income Is Best Defined as Sum of All Income