National income includes all the incomes paid to factors of production.

Name: National income includes all the incomes paid to factors of production.
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Question

Quizplus · Accepted Answer

National income is the total income earned by individuals, businesses, and the government in a country's economy. It includes all the incomes paid to factors of production such as wages to labor, profits to entrepreneurship, rent to landowners, and interest to capital owners. Therefore, Option A is correct.

National Income Includes All the Incomes Paid to Factors of Production