Question : Aggregate supply = ________________
Option 1: Consumption
Option 2: National income
Option 3: Both of the above.
Option 4: None of the above.
Answer (1)
20th Jan, 2024
Correct Answer:
National income
Solution :
The sum total of factor income i.e., rent, wages, interest and profit at domestic and national level is termed as national income. Supply is equals to national income.
Hence, Option B is correct.
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