Question on: WAEC Economics - 2018
The largest component of national income in developing countries consist of?
A
profits
B
profit and rent
C
rent
D
wages and salaries
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Correct Option: D
TheĀ largest component of national incomeĀ is: compensation of employees. (wages and salaries).Ā National incomeĀ measures: the market value or cost of the resources used in the production of theĀ nationalĀ output.
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