The sum of factors payment is equal to
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the sum of factor payment = the total demand that we made
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In Macroeconomics,the sum of all the factor payments in the economy is equal to the National Income of the entire economy.
Explanation:
The sum of all the factor payments or the total income earned by the factors/inputs of production essentially constitutes the net or overall value added at factor cost that contributes to the production of goods and services in the economy.Therefore,it also represents the total or overall market value of all the goods and services produced by an economy,which also constitutes the National Income or GDP of the whole economy.
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