The Income Approach to Measuring GDP Sums Together

question 159

Multiple Choice

The income approach to measuring GDP sums together

• A) compensation of employees, rental income, corporate profits, net interest, proprietors' income, subsidies paid by the government, indirect taxes paid, and depreciation.
• B) compensation of employees, rental income, corporate profits, net interest, proprietors' income, indirect taxes paid, and depreciation and subtracts subsidies paid by the government.
• C) the sales of each firm in the economy.
• D) the costs of each firm in the economy and then subtracts indirect business taxes and depreciation.

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Definitions:

Department

A distinct part of an organization with a specific function or group of related functions.

Payroll Items

Various components that make up an employee's pay, including wages, bonuses, deductions, and taxes.

Employee Responsibility

Obligations and duties that an employee is expected to fulfill as part of their role within an organization.

Payroll Items

Components that make up an employee's pay, including wages, salaries, bonuses, deductions, and taxes.