National Income Is

question 288

Multiple Choice

National income is

• A) the total of factor payments to owners of resources.
• B) the dollar value of all final goods and services produced in a country in a year.
• C) the amount of monetary payments households actually receive before paying personal income taxes.
• D) the amount of monetary payments households actually receive after paying personal income taxes.

---

Definitions:

Humus

The natural portion of earth's crust, created through the breakdown of plant matter and leaves by microorganisms found in the soil.

Desert

A barren area of landscape where little precipitation occurs, leading to harsh living conditions for plant and animal life.

Leaching

The process by which water dissolves and carries away nutrients or contaminants from soils or other materials.

Soluble Soil Components

Elements or compounds in soil that are capable of being dissolved in water, affecting nutrient availability, soil structure, and plant growth.