Multiple Choice
In macroeconomics, the term "national income" refers to
A) total current spending by all households.
B) all sales of both current production and used goods.
C) only those sales of currently produced goods sold to other nations.
D) the value of the income generated by the production of total output.
E) the value of a nation's total wealth.
Correct Answer:
Verified
Correct Answer:
Verified
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