Answered

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Which of the following best defines "income" in economics?
A) The total assets of an individual or organization
B) The value of goods and services produced within a country
C) The earnings or financial gains received by individuals or businesses from their economic activities
D) The rate at which prices of goods and services rise over time

Sagot :

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Answer:

C)The earnings or financial gains received by individuals or businesses from their economic activities.

Explanation:

Income is referred to as money or value that an individual or business entity receives in exchange for providing a good or service or through investing capital.

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