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

---

Definitions:

S Corporations

A special designation for businesses that allows them to pass income, losses, deductions, and credits directly to shareholders to avoid double taxation.