The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy. TABLE 20-4 Refer to Table 20-4.When calculating GDP from the income side,we need to add together the following items from the data provided:

Question

The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy.  TABLE 20-4 Refer to Table 20-4.When calculating GDP from the income side,we need to add together the following items from the data provided:

Quizplus · Accepted Answer

When calculating GDP from the income side, we need to add up all the income earned within the economy, which include wages and salaries, interest and investment income, business profits, and depreciation. Additionally, we need to adjust for indirect taxes less subsidies. Therefore, the best choice is E, which includes all the necessary components. Option A includes indirect taxes less subsidies, but misses wages and salaries. Option B only includes wages and salaries and business profits but misses important components like depreciation and indirect taxes less subsidies. Option C includes components of expenditure but not income, which is not what is asked for in the question. Option D includes interest and investment income, business profits, and depreciation but misses wages and salaries and indirect taxes less subsidies.

The Table Below Includes Data for a One-Year Period Required