To calculate GDP when using the income approach, you must add indirect business taxes and depreciation.

Name: To calculate GDP when using the income approach, you must add indirect business taxes and depreciation.
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When using the income approach to calculate GDP, indirect business taxes and depreciation (also known as capital consumption allowance) are added to the sum of all incomes (wages, interest, rent, and profits) to ensure the measure accounts for the total economic activity.

To Calculate GDP When Using the Income Approach, You Must