Aggregate Income Equals _____

question 134

Multiple Choice

Aggregate income equals _____

• A) the sum of income earned by all laborers in the world economy.
• B) the sum of income earned by all workers in the private sector.
• C) the sum of income earned by all the resource suppliers in an economy.
• D) the total income of all employees after payment of income tax.
• E) the total income of all employees after purchases of necessities.

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Definitions:

Since

A word used to indicate time or causality in a statement or argument.

Communication Skills

The abilities used in effective conveying, sharing, or exchanging of information and ideas with others.

Identifying

The process of recognizing and naming someone or something based on their characteristics or attributes.

Issue

An ill-defined complex of problems involving a controversy or uncertainty.