Which of the Following Best Defines National Income

question 140

Multiple Choice

Which of the following best defines national income?

• A) income received by households less personal taxes
• B) the before-tax income received by households
• C) incomes earned by U.S. resource suppliers plus taxes on production and imports
• D) the market value of the annual output net of consumption of fixed capital

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Definitions:

High Level

Pertaining to advanced status, complexity, or capability in a particular field or activity.

General Adaptation Syndrome

A theory describing the body's response to stress through three stages: alarm, resistance, and exhaustion.

Hans Selye

A pioneering Hungarian-Canadian endocrinologist known for his research on the stress response.

Stress

A psychological and physical response to certain demands or challenges that may cause strain or discomfort.