Which of the Following Is Included in Net Government Income

question 22

Multiple Choice

Which of the following is included in net government income?

• A)social security benefits
• B)factor income
• C)taxes
• D)all of the above
• E)none of the above

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Definitions:

Market Potential

The estimated maximum total sales revenue of all suppliers in a specific market for a certain time period.

Entire Industry

The collective firms and activities involved in the production, distribution, and sale of goods and services in a particular sector of the economy.

Peter Drucker

A prominent Austrian-American management consultant, educator, and author, considered the father of modern management theories.

Basic Functions

The fundamental roles or activities that are necessary for a system, organization, or process to operate effectively.