Which of the Following Is NOT One of the Components

question 70

Multiple Choice

Which of the following is NOT one of the components for computing GDP based upon the income approach?

• A) investment
• B) corporate profits
• C) compensation of employees
• D) net interest

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Definitions:

Cashed Check

A check that has been presented to a bank or financial institution and exchanged for the equivalent amount in cash, indicating the check has been successfully processed.

Presentment Warranty

A guarantee made to the person who accepts or pays a negotiable instrument that certain facts are true as of the date of its transfer.

Alteration

A change or adjustment made to something, which can modify its appearance, function, or condition.

Charge Account

An arrangement allowing customers to purchase goods or services on credit and settle the balance periodically, without immediate payment at each transaction.