What Are the Components of Net Domestic Income at Factor

question 20

Essay

What are the components of net domestic income at factor cost? What is the relative share of GDP in 2011 going to: Wages, salaries and supplementary labour income; and to Profits of corporations and government enterprises before taxes?

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Definitions:

Bill of Rights

The initial ten amendments to the United States Constitution, guaranteeing fundamental rights and liberties to American citizens.

Antifederalists

Individuals who opposed the ratification of the U.S. Constitution, favoring stronger state governments over a centralized federal government.

Judicial Review

The power of courts to assess whether a law or governmental action is in accordance with the constitution.

Marbury v. Madison

A landmark Supreme Court case in 1803 that established the principle of judicial review in the United States.