Total Income in an Economy Is Equal to

question 116

Multiple Choice

Total income in an economy is equal to

• A)GDP minus net exports.
• B)income minus taxes.
• C)the sum of wages,interest,rent,and profit.
• D)firm revenues.

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Definitions:

Brown Algae

Multicelled marine protists with a brown accessory pigment in their chloroplasts.

Foraminiferan

Marine protozoans with calcareous shells, found in both fresh and marine waters, which are often used as indicators in paleoclimatology studies.

Radiolarian

Microscopic, planktonic marine organisms with intricate silica skeletons, used as paleoclimatic indicators.

Mineral-based Shell

A hard, protective outer layer created by some organisms, composed primarily of minerals.