The Sum of All Factor Payments in the Economy Yields

question 113

Multiple Choice

The sum of all factor payments in the economy yields

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

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Definitions:

LSAT Exam

A standardized test required for admission into many law schools in the United States, Canada, and other countries.

National Average

The average value of a particular variable across the entire population of a nation.

University of Pennsylvania

An Ivy League research university located in Philadelphia, Pennsylvania, known for its prestigious programs in various disciplines.

Production Filling

The process of manufacturing, wherein products are filled into their final packaging.