Asked by Sarah arellano on May 28, 2024
Verified
Profits are
A) less than 10% of national income.
B) a little more than 20% of national income.
C) almost 50% of national income.
D) over 60% of national income.
National Income
The total money earned within a country from economic activities in a specific period, typically a year.
Profits
The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the operation.
- Appreciate the responsibilities and attitudes of entrepreneurs towards risk and its role in profit-making.
Verified Answer
RS
Rahul SinghMay 28, 2024
Final Answer :
B
Explanation :
According to data from the Bureau of Economic Analysis, corporate profits accounted for about 21% of national income in 2020, which is slightly more than 20%. Therefore, option B is the best choice.
Learning Objectives
- Appreciate the responsibilities and attitudes of entrepreneurs towards risk and its role in profit-making.