National income is a measure of:
A. How well the economy is doing on a gross basis.
B. The incomes earned by the factors of production in producing GDP.
C. The incomes received by the factors of production in producing GDP.
D. The country's future productive capacity.
Answer:B
National income is a measure of:
A. How well the economy is doing on a gross basis. B. The incomes earned by the factors of production in producing GDP. C. The incomes received by the factors of production in producing GDP. D. The country's future productive capacity.