What Is the Definition of Aggregate Income

question 95

Multiple Choice

What is the definition of aggregate income?  

• A) the sum of income earned by all labourers in the world economy 
• B) the sum of income earned by all workers in the private sector 
• C) the total income of all individuals who contribute resources to the market production of output 
• D) total income after all income taxes but before paying other payroll taxes

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Definitions:

Spatial Relationships

The understanding of how objects or shapes are positioned in space relative to each other.

Overall Development

The comprehensive progression of an individual's physical, emotional, intellectual, and social growth and changes over time.

Rapid Development

A phase or period in which physical, emotional, or intellectual growth occurs at an extraordinary speed.

Organized Sports

Structured physical activities, typically involving teams or leagues, governed by rules, and often requiring coordinated training and coaching.