Aggregate Income Is Defined as

question 204

Multiple Choice

Aggregate income is defined as

• 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 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
• E)total income after purchases of necessities

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Definitions:

Legacy Systems

Older computer systems, software, or technology that are still in use, despite newer alternatives being available.

Hardware Purchases

The act of buying physical components and devices used in computing and technological systems.

Secondary Storage

Non-volatile memory that is used to store data permanently, serving as additional storage apart from the computer's primary storage.

Primary Storage

Memory that is directly accessible by the CPU of a computer, such as RAM, used for storing data temporarily during processing.