One Reason the Total Sum of the Income Categories Does

question 27

Multiple Choice

One reason the total sum of the income categories does not equal GDP is that

• A)GDP values goods and services at market prices and the income approach values them at factor cost.
• B)GDP values goods and services at retail prices and the income approach values them at wholesale cost.
• C)taxes are generally larger than subsidies and the depreciation of capital is negligible.
• D)GDP does not include depreciation,which is part of the income categories.
• E)people do not spend all their income,so the value of consumption expenditure is less than the value of wages.

---

Definitions:

In-store Pickup Technology

Digital solutions that allow customers to order products online and collect them at a physical retail location.

Omnichannel Consumers

Customers who interact with and purchase from a brand through multiple sales channels (online, in person, mobile, etc.) expecting a seamless experience.

Big Data Analytics

The process of examining large and varied data sets to uncover hidden patterns, unknown correlations, market trends, customer preferences, and other useful business information.

Consumer Trends

Patterns or behaviors in purchasing and consumption that are widely observed among consumers over a period.