According to the income approach to measuring GDP, the largest income category is
A)rent.
B)wages.
C)consumption expenditure.
D)profits.
E)interest.

Name: According to the income approach to measuring GDP, the largest income category is A)rent. B)wages. C)consumption expenditure. D)profits. E)interest.
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Question

Quizplus · Accepted Answer

Wages are typically the largest component of GDP when measured by the income approach, as they represent the compensation paid to employees for their labor.

According to the Income Approach to Measuring GDP, the Largest