The income approach to measuring GDP is based on summing
A)consumption expenditure and wages.
B)the production of each industry.
C)the values of final goods, intermediate goods and services, used goods, and financial assets.
D)wages, interest, rent, and profits.
E)consumption expenditure, investment, government expenditures on goods and services, and net exports of goods and services.

Question

Quizplus · Accepted Answer

The income approach to GDP sums up all the incomes earned in the economy, which includes wages, interest, rent, and profits.

The Income Approach to Measuring GDP Is Based on Summing