In a Typical Year,which of the Following Measures of Aggregate

question 23

Multiple Choice

In a typical year,which of the following measures of aggregate output and income is likely to be the smallest?

• A) Gross domestic product.
• B) National income.
• C) Disposable income.
• D) Personal income.

---

Definitions:

Profitability

A financial metric that measures the degree to which a company or business activity makes money, expressing profit as a proportion of revenue.

Networking

The process of establishing and maintaining professional relationships that may lead to business opportunities, knowledge exchange, or career advancement.

Performance Effectiveness

The measure of how well an individual, group, or organization meets its objectives or goals.