The value actually earned by members of households who supply the inputs necessary to produce GDP is called

Question

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National income is the total value earned by households, businesses, and government agencies in the production of goods and services. It measures the income generated by the production of all goods and services in an economy and is derived by subtracting indirect business taxes, corporate profits, and other non-income charges from gross domestic product (GDP). It represents the income earned by all factors of production, including labor, capital, entrepreneurial ability, and land.

The Value Actually Earned by Members of Households Who Supply