Asked by Frank Milosevics on May 22, 2024
Verified
As a percentage of national income,corporate profits and proprietors' income is almost
A) 75%.
B) 40%.
C) 17%.
D) 22%.
National Income
The total income earned by a country's population, including wages, profits, and rent, and the sum of all incomes earned by individuals and businesses.
Corporate Profits
The earnings generated by companies after covering their operational costs, taxes, and expenditures.
Proprietors' Income
The income earned by owners of unincorporated businesses, reflecting their production and sales efforts.
- Comprehend the consequences of corporate financial deficits and their effect on the economic landscape.
Verified Answer
DM
Despina MarinaMay 25, 2024
Final Answer :
C
Explanation :
According to the data provided by the Bureau of Economic Analysis for the year 2020, corporate profits and proprietors' income accounted for approximately 17% of the national income. Therefore, the correct answer is option C. Option A and B are way too high while option D is still higher than the actual percentage.
Learning Objectives
- Comprehend the consequences of corporate financial deficits and their effect on the economic landscape.