Total income
A) is the yearly amount earned by owners of the nation's resources.
B) includes only wages received by workers.
C) includes only wages and interest payments.
D) excludes profits.

Question

Quizplus · Accepted Answer

Total income refers to the amount earned by all factors of production in a country, including labor, capital, and land. This includes wages, interest payments, rent, and profits earned by the owners of these resources. Therefore, option A is the best choice.

Total Income