Question

20. Which one of the following statements about national income is correct?

O A. National income is the income earned by US resource suppliers plus taxes on production and imports.
O B. National income is the market value of the annual output net of consumption of fixed capital.
C. National income is the income received by households less personal taxes,
D. National income is the before-tax income received by households.

Answer 1

national income is the income received by households less personal taxes,,