To Calculate GDP from the Income Side,one Must Add Together

question 3

Multiple Choice

To calculate GDP from the income side,one must add together wages,

• A)consumption and depreciation.
• B)interest,rent,depreciation,profits and indirect taxes net of subsidies.
• C)investment,rent,depreciation,profits and indirect taxes net of subsidies.
• D)government income,interest,and profits.
• E)net exports,depreciation,and profits.

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Definitions:

Cultural Assimilation

is the process by which individuals or groups from one culture absorb and integrate the cultural attributes of a dominant or surrounding society.

Cultural Integration

The process where individuals from different cultural backgrounds come to live together harmoniously, sharing and adopting values, traditions, and norms.

Conglomerate Merger

A type of corporate merger involving companies in unrelated business activities.

Layoffs

A process in which a company permanently ends employment for a number of its staff to reduce costs or due to business restructuring.