Define national income and identify its five components.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q21: Give examples of indirect taxes.
Q22: Explain what is meant by the expenditure
Q23: Q24: Explain how the term investment in economics Q25: Explain what is meant by the income Q27: Explain the relationship between final sales in Q28: Write out the formula for calculating GDP Q29: Define net investment and what it is Q30: Assume that in a given year there Q31: What are subsidies? Give at least two
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents