In calculating GDP by the income approach, we should sum up:
A)wages, consumption, investment and rent.
B)wages, rent, interest and profit income.
C)wages, interest, investment, and exports.
D)wages, profit income, investment, and consumption.

Question

Quizplus · Accepted Answer

In calculating GDP by the income approach, we should sum up wages, rent, interest, and profit income. Consumption and investment are components of GDP by the expenditure approach. Exports are included in the calculation of net exports, a component of GDP by the expenditure approach.

In Calculating GDP by the Income Approach, We Should Sum