Which of the following statements is false?
A) Domestic income is the total income earned by the people and businesses within a country's borders.
B) National income is the total income earned by U.S.citizens and businesses,no matter where they reside or are located.
C) Corporate profits is the largest component of national income.
D) National income = compensation of employees + proprietors' income + corporate profits + rental income + net interest.

Question

Quizplus · Accepted Answer

Corporate profits is not the largest component of national income. The largest component is compensation of employees.

Which of the Following Statements Is False