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.

---

Definitions:

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results.

Confidence Interval

A range in statistics that, with a specified probability, is expected to encompass the actual value of a parameter from an unspecified population.

Unpopped Kernels

Kernels of popcorn that did not explode and pop when heated in the popcorn-making process.

Microwave Popcorn

A type of popcorn that's packaged for cooking in a microwave oven, designed for convenience and quick preparation.