The Largest Source of Income for Most People Is

question 14

Multiple Choice

The largest source of income for most people is:

• A)wages earned at work.
• B)income from interest in savings accounts.
• C)rental income from properties you own.
• D)investment income.

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Definitions:

Government Expenditures

The total amount of money spent by the government in a fiscal period, including spending on goods, services, and public projects.

Price Level

An overall average price for the full range of goods and services in the economy.

Net Exports

The value of a country's total exports minus its total imports, indicating the balance of trade between a country and its trading partners.

Aggregate Demand

The overall appetency for every good and service in an economy, evaluated at a decided overall price level during a distinct timeline.