Page 39 - Macroeconomics. book docx_Neat
P. 39
Answer: True
3. National income includes unpaid household work.
Answer: False
4. Wages are income earned by labor.
Answer: True
5. Profit is earned by entrepreneurs.
Answer: True
6. Rent is the reward for capital.
Answer: False
7. Interest is income earned by capital owners.
Answer: True
8. National income shows income distribution clearly.
Answer: False
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