1. their share of the nation's income has fallen by almost 20 percent most accurately describes the american middle class between 1970 and 2015.

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30-11-2022
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1. their share of the nation's income has fallen by almost 20 percent most accurately describes the american middle class between 1970 and 2015.

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akursharma9034 akursharma9034 · Answer 1 · 2022-12-03T09:30:37+01:00

Their share of the nation's income has fallen by almost 20 percent. The total income a country receives from its economic activities over a specific time period is known as its national income.

the whole of a country's current production's income, comprising interest, rental income, business after-tax profits, and employee remuneration. The definition of gross national income (GNI) is gross domestic product + net foreign receipts from employee remuneration, property income, and net taxes less production subsidies. The entire monetary worth of all the commodities and services a country produces over a given time period is referred to as national income. In other words, it is the total amount of factor income produced throughout a production year. The level of national income is a good barometer of economic activity. Statistics on national income can aid economists in developing economic policies for economic growth. Gross National Income (GNI) is the sum of all the money that a country's citizens and enterprises have made. It is used to gauge and chart a country's wealth through time. The sum of the country's gross domestic product (GDP) and its foreign-source revenue is the figure.

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