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What is the largest share of national income? 1. taxes 2. wages and salary 3. interest...

What is the largest share of national income?

1. taxes

2. wages and salary

3. interest earned on capital

4. corporate profits

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Answer #1

The wages and salary is considered to be the largest share in national income.

Wages and salary is the compensations receive by thee workers in an economy. The incomes which is taken for the calculation of national income included wages and salaries, profits, interest and rent. Among these all categories of income wages and salaries id the largest share though income of every individual in considered for the calculation of national income. In the calculation of national income the monetary benefits earned by every employee is considered. Thus it has a key role in the calculation of income.

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