If W stands for wages/salaries, P for profit, R for interest and Z for rent...
ECONOMICS
JAMB 1991
If W stands for wages/salaries, P for profit, R for interest and Z for rent on land real estate, then national income is?
- A. W -P - R - Z
- B. W + P + Z - R
- C. P - R - Z + W
- D. W + P + R + Z
Correct Answer: D. W + P + R + Z
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