Question

EVERY ONE PLESE GIVE ME THIS Q. ANSWER THIS IS QUESTION


NATIONAL PROFIT IS EQUAL TO ? ​

Answer 1

Answer:

Profit is the residual of the product minus the costs: $130−($80+$20) = $30. National income is total income—wages plus interest plus profit: $80+$20+$30 = $130. Thus national income equals national product.

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