The Appropriate Formula for Computing Gross Domestic Product Using the Income

question 55

Multiple Choice

The appropriate formula for computing Gross Domestic Product using the income approach (excluding depreciation and indirect income taxes) is

• A) consumption + investment + government spending + net exports.
• B) wages + rent + interest + profits.
• C) wages + rent + interest + profits + indirect business taxes.
• D) wages + rent + interest + profits + indirect business taxes + depreciation.

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