The sum of total income received for the services of labor, land or ca – McqOptions

MCQOPTIONS

1.	The sum of total income received for the services of labor, land or capital in a country is called?
A.	Gross domestic product
B.	National income
C.	Gross domestic income
D.	Gross national income
Answer» C. Gross domestic income

Discussion

No Comment Found

Related MCQs

Which of the following terms refers to income that is saved and not invested ?
Which of the following would cause income to become more unequal ?
Which of the following would increase national income ?
Which property the paper money does not process ?
Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?
Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
Which term is used for a bank account which can be operated at will ?
Which term is used for a country’s holdings of intentionally acceptable means of payment ?
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?