What does National Income primarily consist of?

Show Answers

The total assets owned by a countryThe yearly revenue collected by the federal governmentThe total earnings of all individuals within a yearThe funds raised through government taxation

Explanation

Option A refers to the nation's total wealth, not income. Option B is the government's annual revenue, which is different from national income. Option C correctly defines national income as the aggregate earnings of all people over a year. Option D describes tax revenue, which is just a part of government income, not national income.