Question on: JAMB Economics - 2024
The largest component of national income in developing countries consists of
A
wages and salaries
B
rent
C
profit
D
profit and rent
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Correct Option: A
Wages and salaries typically constitute the largest component of national income in developing countries. This is because a significant portion of the population is employed in various sectors, and their earnings in the form of wages and salaries contribute substantially to the overall national income.
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