The sum total of incomes received for the services of labour, land or capital in a country is called

Related MCQs

• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country?
• The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called:
• What is the term used for the flow of goods and services that enter for sale into one country and which is product of another country?
• The total value of goods and services produced in a country during a given period is -
• The incomes of Indians working abroad are a part of -
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The self-employed in a developing country who are engaged in small scale labour intensive work belong to the -
• The real capital formation e.g., the production or maintenance of machinary or construction that will produce a stream of goods and services is called
• The interest due by applying the rate to the sum of the capital invested plus the interest previously earned and reinvested is referred to as