National Income Includes All of the Following EXCEPT

question 323

Multiple Choice

National income includes all of the following EXCEPT

• A) proprietors' income.
• B) net interest.
• C) corporate profits.
• D) depreciation.

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Definitions:

Interstate Commerce

The buying, selling, or moving of products, services, or money across state lines, subject to federal regulation.

State Laws

Laws that are enacted and enforced by individual states, as opposed to federal laws that apply to all states in the country.

Police Power

The states’ power to regulate to promote the public health, safety, morals, and welfare.

Strict Scrutiny

The most rigorous standard of judicial review used by courts to assess the constitutionality of laws, requiring a compelling government interest.