Which of the Following Is NOT a Component of the Incomes

question 178

Multiple Choice

Which of the following is NOT a component of the incomes approach to GDP?

• A) proprietorsʹ income
• B) net exports
• C) corporate profits
• D) wages and salaries

---

Definitions:

Assignment of Rights

The transfer of rights or interests in a contract or property from one party to another.

Breach of Contract

An act of failing to fulfill the terms and conditions as agreed upon in a contract, leading to legal action for redress.

Agent

One who acts under the direction of a principal for the principal’s benefit in a legal relationship known as agency. See also principal.

Gratuitous Assignment

A transfer of rights or property done freely without the expectation of receiving something in return.