Which of the Following Is Not a Component of the Incomes

question 49

Multiple Choice

Which of the following is not a component of the incomes approach to GDP?

• A) net exports
• B) wages and salaries
• C) corporate profits
• D) proprietors' income

---

Definitions:

Microbusinesses

Extremely small businesses, often operated by only one person or a few individuals, characterized by minimal revenue and simple operations.

Formal Training

Educational programs or courses conducted in a structured environment designed to teach specific skills or knowledge relevant to a profession, job, or task.

Economic Progress

The overall growth and improvement in a nation's economy, reflected through factors like GDP growth and increased living standards.

Life-Long Learning

Life-long learning is the continuous, voluntary pursuit of knowledge for personal or professional development at any stage of life.