Estimating the value of an injured or deceased person's life by calculating what he or she would have earned over the remainder of his or her life is called the
A) compensating differential approach.
B) death-and-taxes approach.
C) lost-income approach.
D) earnings-bracket approach.

Question

Quizplus · Accepted Answer

The lost-income approach estimates the value of an injured or deceased person's life by calculating potential future earnings that are now lost due to the injury or death. This method focuses on the financial contribution the individual would have made had they not been injured or died.

Estimating the Value of an Injured or Deceased Person's Life