The largest category when using the income approach to calculate GDP is
A) corporate profits.
B) compensation of employees.
C) rental income.
D) proprietors' income.

Question

Quizplus · Accepted Answer

Compensation of employees includes wages, salaries, and benefits paid to all workers, including those who are self-employed. It typically accounts for the largest share of GDP using the income approach.

The Largest Category When Using the Income Approach to Calculate