an example of an income payment is wages. these are paid in exchange for A) government funds N) goods and services C) products d) 4 factors of production

Wages serve as one of example of an income payment, however this wages is been paid so as as to have government funds as an exchange for D: 4 factors of production.

Factors of production  serve as the resources that is been used by  people use to produce goods as well as services. They are:

And they all serve as building blocks of the economy.

Therefore, option D is correct.

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d) 4 factors of production

Explanation:

An example of an income payment is wages. These are paid in exchange for the four (4) factors of production which are typically land, labor, capital and entrepreneurship.

This type of income payment is known as factor payment and can be defined as wages paid to people for providing or supplying the four (4) factors of production or scarce resources used for the production of goods and services to meet the unending needs of customers.

Generally, wages are being paid for labor, rent is being paid for land, interest is being paid for capital and profits is typically ascribed or associated with the entrepreneurship.

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