Which of the following best defines national income?
A) all income produced within a country
B) the total income earned by a nation's residents from the production of goods and services within the borders of the country
C) the total income earned by a nation's residents in the production of goods and services
D) the income received by the national government

Question

Quizplus · Accepted Answer

National income is the total income earned by a nation's residents in the production of goods and services, regardless of where the production takes place.

Which of the Following Best Defines National Income