In Macroeconomics,the Term "National Income" Refers to

question 87

Multiple Choice

In macroeconomics,the term "national income" refers to

• A)all sales of both current production and used goods.
• B)only those sales of currently produced goods sold to other nations.
• C)the value of a nation's total wealth.
• D)the value of the income generated by the production of total output.
• E)total current spending by all households.

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Definitions:

Target Costing

A pricing strategy where the selling price of a product is determined first based on market conditions, and then the product is designed in such a way that the cost of manufacturing the product does not exceed this target price.

Company-Wide Cost Reductions

Strategic initiatives aimed at reducing expenses across all departments and operations within an entire organization.

Portfolio Analysis

The process of reviewing or assessing the elements of a group of investments, assets, or products to make decisions based on performance and risk.

Strategic Goods

Products, services, or materials that are crucial to a company’s business strategy or to national security, often subject to trade controls.