(The following national income data are in billions of dollars.) Refer to the above data. National income in this economy is:
A) $804 billion
B) $940 billion
C) $975 billion
D) $1,019 billion

Question

(The following national income data are in billions of dollars.)  Refer to the above data. National income in this economy is:
A) $804 billion 
B) $940 billion 
C) $975 billion 
D) $1,019 billion

Quizplus · Accepted Answer

National income in this economy is equal to compensation of employees plus proprietors' income plus rental income plus corporate profits plus net interest, which equals $243 + $127 + $117 + $431 + $101 = $1,019 billion. Therefore, the correct answer is choice D.

(The Following National Income Data Are in Billions of Dollars