To Calculate GDP from the Income Side,one Must Add Together

question 3

Multiple Choice

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

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

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Definitions:

Programs

Structured plans or initiatives designed to achieve certain goals or outcomes, often referring to software in computing contexts.

Sunglasses

Protective eyewear designed to prevent bright sunlight from damaging or discomforting the eyes.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.

Absolute Disadvantage

A situation where an individual, country, or company is less efficient in producing goods or services compared to another.