The Sum of Payments Made to Resource Owners for the Use

question 26

Multiple Choice

The sum of payments made to resource owners for the use of their resources is:

• A)gross domestic product.
• B)net domestic product.
• C)national income.
• D)personal income.
• E)disposable personal income.

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Definitions:

Communal

Pertaining to or shared by members of a community or group.

Altruistic

The quality of unselfishly caring for the welfare of others, often at a personal cost.

Mutual

Pertaining to a shared feeling, relationship, or responsibility between two or more parties.

Exchange

The act of giving one thing and receiving another in return.