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Which of the following is NOT one of the components for computing GDP based upon the income approach?
Net Loss
The amount by which total expenses exceed total revenues in a given period, indicating a financial loss.
Net Income
A company's total earnings post the subtraction of all expenses, taxes, and costs from its overall revenue.
Owner's Capital
This represents the total equity invested by the owners in a company plus any retained earnings, indicative of the net worth of the company from the owner's perspective.
Total Assets
Total assets represent the sum of all assets owned by an individual or organization, including both current and non-current assets.
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