Aggregate income is the sum of:

A. employee compensation, rent, and profits.
B. employee compensation, rent, profits, interest, and transfer payments.
C. employee compensation and profits.
D. employee compensation, rent, profits, and interest.

Answer: D

Economics

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A decrease in the average price level leads to a decrease in the purchasing power of wealth

a. True b. False Indicate whether the statement is true or false

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