Comprehensive Income

question 33

Multiple Choice

Comprehensive income:

• A)is the sum of annual consumption and realized capital gains.
• B)is the sum of annual consumption and changes in net worth.
• C)excludes corporation income.
• D)is the sum of annual consumption and net worth.

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Definitions:

Supply

The total amount of a specific good or service available to consumers, potentially influencing its market price.

Supply Curve

The supply curve is a graphical representation demonstrating the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply at those prices.

Business Revenues

The total income received by a company from its sales of goods or services, before any expenses are subtracted.

Physical Inputs

The tangible resources or materials used in the production of goods and services.