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

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

Quizplus · Accepted Answer

The largest income category in the income approach to measuring GDP is wages, as it includes all forms of earnings by labor, which is the largest component of income for most economies.

According to the Income Approach to Measuring GDP, the Largest