Which of the Following Is NOT a Part of the Income

question 245

Multiple Choice

Which of the following is NOT a part of the income approach to determining GDP?

• A) gross private domestic investment
• B) net interest
• C) rental income
• D) indirect business taxes

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Definitions:

Part-Time Job

Employment with fewer hours per week than a full-time position, often offering flexibility but with fewer benefits.

Minimum-Wage

The lowest legal wage that employers can pay their workers, aimed at ensuring a basic standard of living for employees.

Social Class

Divisions in a society based on social and economic status.

First-Generation Canadian

A person born in Canada to parents who immigrated to Canada.