Which of the Following Is Included in Calculating National Income

question 13

Multiple Choice

Which of the following is included in calculating national income at market prices?

• A) Illegal income, such as income earned from smuggling.
• B) The market value of intermediate goods.
• C) Non-monetary payments for goods and services.
• D) Subsidies and taxes.

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Definitions:

Zinc

A metallic element used extensively in metal alloys and as protective coatings for iron and steel to prevent corrosion.

Copper Mining

The process of extracting copper from the earth, involving digging, blasting, and processing the ore.

Low-Grade Ores

Minerals containing a smaller percentage of valuable metals or minerals, thus requiring more resources to extract them profitably.

Depletion Time

The estimated time it will take to use up a resource at its current rate of consumption.