Which of the Following Are Not Included as a Component

question 25

Multiple Choice

Which of the following are not included as a component of national income?

• A)Corporate profits
• B)Compensation of employees
• C)Net interest income
• D)Capital gains and capital losses

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Definitions:

Division of Carolina

This refers to the split of the Carolina colony into North and South Carolina in 1712, originally chartered as one territory by the English Crown.

Proprietors

Individuals or entities that own a business or property, characterized by having legal title and the right to use property at their discretion.

John Locke

A 17th-century English philosopher renowned for his theories of natural rights and the social contract.