The Largest Income Component of GDP Is

question 136

Multiple Choice

The largest income component of GDP is

• A) proprietors' income.
• B) rental income.
• C) compensation of employees.
• D) corporate profit.

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Definitions:

Social Category

A grouping of people based on shared characteristics or attributes, which may not necessarily lead to social interaction or shared identity.

Record

Documentation or evidence of events, activities, or achievements, maintained in written, digital, or another form.

Bureaucracy's Goals

The objectives or aims pursued by a bureaucratic organization, typically including efficiency, predictability, and rationalization in the administration of public and private affairs.

Efficiency

The ability to achieve a desired outcome with the least waste of time, effort, or resources.