The largest component of national income in developing countries consist of?

Economics

WAEC 2018

A. profits
B. profit and rent
C. rent
D. wages and salaries

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Correct Answer: Option D

Explanation

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.

Previous Next

Go back to Econs classroom

Report an Error Ask A Question Download App

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

can a commercial student study transport management or development studies in uniosun? Answer this

2 Answers · 4 weeks ago
an argumentative essay to support the motion that says technical and vocational education should be mandatory in secondary school in... Answer this

2 Answers · English Language · 4 days ago
who is the was the first nursing mother of the prophet(s.a.w)? Answer this

1 Answers · CRK/CRS · 2 days ago

The largest component of national income in developing countries consist of?

Correct Answer: Option D

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In