Ask Question
BusinessBusiness
3 August, 20:04

National income is defined as A. gross national product plus transfer payments. B. gross domestic product less retained earnings plus transfer payments. C. gross national product less retained earnings plus transfer payments. D. gross domestic product less the consumption of fixed capital.

+2
Answers (1)
  1. 3 August, 20:28
    0
    The correct option is D) gross domestic product less the consumption of fixed capital.

    Explanation:

    National income can be described as the output of all the resources or products made by a country in a year. It is also known as Gross domestic Product (GDP). National income arises due to the various economic activities taking place in the country in a year and the value of all the products which are being made by these economical activities.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “National income is defined as A. gross national product plus transfer payments. B. gross domestic product less retained earnings plus ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which aspect of marketing (branding, promotion, or market research) is the most important for companies to consider when doing business in the global economy, and why? Write one or two paragraphs to respond to this question.
Answers (1)
What are the major distinctions between a two year college and a four year college
Answers (1)
g On July 1 the Swifty Corporation paid $18240 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount.
Answers (1)
Which of the following statements concerning product costs is correct? A. Period costs are only expensed when a related unit of product is sold. B. Product costs are initially inventoried on a company's Balance Sheet. C.
Answers (1)
Phillips Company acquires all of the outstanding stock of Sylvania Company by issuing 20,000 shares of its own $5 par value stock. The market value of its stock at the date of issuance was $50 a share.
Answers (1)
New Questions in Business
Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.
Answers (1)
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Home » Business » National income is defined as A. gross national product plus transfer payments. B. gross domestic product less retained earnings plus transfer payments. C. gross national product less retained earnings plus transfer payments. D.
Sign Up Forgot Password?