Which of the following is a component of the incomes approach to GDP?

Question

Quizplus · Accepted Answer

The incomes approach to GDP involves adding up all the incomes earned from the production of goods and services in a country. This includes wages and salaries earned by workers, as well as profits earned by business owners and self-employed individuals. Option A (investment) is part of the expenditure approach to calculating GDP, while options B (government expenditure on goods and services) and D (consumption expenditure) are also part of the expenditure approach to calculating GDP.

Which of the Following Is a Component of the Incomes