To Calculate GDP from the Income Side, One Must Add

question 27

Multiple Choice

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

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

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Definitions:

Paid Time Off

An employee benefit where workers get paid while being away from work for certain reasons, such as vacation, illness, or personal time.

Community Service

Voluntary work intended to help people in a particular area or community, often organized by a non-profit or governmental organization.

Pension Plans

Retirement plans that require an employer to contribute to a pool of funds set aside for an employee's future benefit.

Employee Services

Various support services provided by employers to enhance the well-being and productivity of their workforce, such as health care, counseling, and transportation.