The Income Approach Measures GDP by Adding Together Compensation of Employees

question 184

Multiple Choice

The income approach measures GDP by adding together compensation of employees, proprietors' income,

• A) net investment, saving, and farmers' income.
• B) net interest, rental income, and corporate profits.
• C) net investment, rental income, and corporate profits.
• D) net saving, investment income, and profits.

---

Definitions:

Personal Computer

A small, relatively inexpensive computer designed for individual use, capable of running general-purpose applications and accessing the internet.

Scan Time

The duration a programmable logic controller (PLC) takes to read inputs, execute its program, and update outputs in one complete cycle.

User Program

A set of instructions created and designed by users to be executed by computers or programmable devices.

Fixed PLC

Refers to a PLC whose configuration in terms of I/O capacity or slots is not expandable, limiting modification or extension.