Answered

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which of the following is an example of factor income
a) interest received by bank from producer
b) retirement pension
c) old age pension
d) interest received by bank from household ​

Sagot :

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Answer:

a) interest received by a bank from a producer.

Explanation:

Among the options given, the best example of factor income is:

a) interest received by a bank from a producer.

Factor income refers to earnings from resources used in production (e.g. wages for labor, rent for land, and interest for capital). Here, the interest a bank earns from a producer is considered factor income because it's payment for lending money.

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