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

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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