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Measuring National Income · Question 33 of 69

Question 33

EasyOriginal question

Under the income method, national income is the sum of

Options for question 33

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. The income method adds the factor incomes generated in production.

  2. Operating surplus = rent + interest + profit; mixed income is earned by the self-employed.

Concept
Income method
Typical time
40 s
Your time
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The rule this testsIncome method
Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapter →

Ten questions from Measuring National Income, at your own pace.