In most industrial economies,the largest component of national income is
A) wages and salaries
B) corporate profits
C) interest on bank accounts and bonds
D) rental income
E) proprietors' income from non-corporate businesses

Question

Quizplus · Accepted Answer

Wages and salaries are typically the largest component of national income in most industrial economies. This is because a significant portion of the population is employed, and their earnings contribute to the overall income of the nation. In addition, wages and salaries are typically more evenly distributed across the population compared to corporate profits or rental income, which are often concentrated among a smaller group of individuals or organizations.

In Most Industrial Economies,the Largest Component of National Income Is