The largest component of national income in dev... - WAEC Economics 2018 Question
The largest component of national income in developing countries consist of?
A
profits
B
profit and rent
C
rent
D
wages and salaries
correct option: d
The largest component of national income is: compensation of employees. (wages and salaries). National income measures: the market value or cost of the resources used in the production of the national output.
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