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7 January, 02:04

What are the four categories of income?

A. Consumption, Investment, Government Purchases, and Net Exports.

B. Labor, Capital, Natural Resources, and Entrepreneurship.

C. Wages, Interest, Rent, and Profit.

D. Wages, Salaries, Interest, and Dividends.

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Answers (1)
  1. 7 January, 05:25
    0
    The correct answer is option C.

    Explanation:

    The four categories of income are rent, wages, interest and profits. These are four factor income earned through providing factors of production.

    Rent is the income from land. Wages are the income earned by providing labor. Interest is earned through capital and profit is earned through entrepreneurship.
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Home » Business » What are the four categories of income? A. Consumption, Investment, Government Purchases, and Net Exports. B. Labor, Capital, Natural Resources, and Entrepreneurship. C. Wages, Interest, Rent, and Profit. D. Wages, Salaries, Interest, and Dividends.
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