WAEC Economics 2018 Objective — Question 30
Question 30 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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The largest component of national income in developing countries consists of
- A. profits
- B. profit and rent
- C. interest
- D. wages and salariesCorrect
Explanation
Wages and salaries typically form the largest component of national income in developing countries.
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