The income generated from the sale of the goods and services produced in the economy and paid to the individuals and businesses who supply the factors of production is called:
A) GDP.
B) GNP.
C) national income.
D) NNP.
C
Economics
You might also like to view...
Which of the following is the most common goal for central banks of industrialized countries?
A) high employment B) high economic growth C) low interest rates D) low inflation
Economics
Because firms selling a homogeneous product set price in response to the (perceived) pricing decision of other firms in the Bertrand Model of oligopoly in equilibrium price exceeds marginal cost
Indicate whether the statement is true or false
Economics