Which approach to measuring GDP is being used when Statistics Canada sums wages, salaries and supplementary labour income, and other factor incomes?

Question

Quizplus · Accepted Answer

The approach being used is the income approach, which measures GDP by summing up all incomes earned in the production of goods and services in an economy. This includes wages, salaries, supplementary labour income, and other factor incomes such as rent, interest, and profit.

Which Approach to Measuring GDP Is Being Used When Statistics