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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What are the five components of national income?

To determine

Determine the five components of national income.

Explanation

The five components of nation income are wage, interest, rent, profit, and proprietor’s income. The national income is written as follows:

National income=

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