Examlex
Which of the following transactions is included in the GDP?
Income Statement
A financial statement that shows a company's revenues and expenses over a specified period, ultimately revealing the company's net profit or loss.
Total Revenue
The full amount of income generated by the sale of goods or services before any costs or expenses are deducted.
Net Income
The total earnings of a company or individual after deducting expenses, taxes, and deductions.
Gross Profit
The financial difference between revenue and the cost of goods sold (COGS), indicating the efficiency of a business in managing its direct costs.
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