Table 8-27

-Refer to Table 8-27.Based on the table above,what is national income for this economy?
A)$1,950 billion
B)$2,250 billion
C)$2,950 billion
D)$3,550 billion

Question

Table 8-27
 
-Refer to Table 8-27.Based on the table above,what is national income for this economy?
A)$1,950 billion 
B)$2,250 billion 
C)$2,950 billion 
D)$3,550 billion

Quizplus · Accepted Answer

National income is the sum of compensation of employees, rental income, corporate profits, net interest, and indirect taxes minus subsidies. Adding up the values in the table yields a total of $2,950 billion.

Table 8-27 -Refer to Table 8-27.Based on the Table Above,what Is National