The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy.
TABLE 20-4
-Refer to Table 20-4.When calculating GDP from the income side,we need to add together the following items from the data provided:

Question

The table below includes data for a one-year period required to calculate GDP from the income side for a teeny-tiny economy.
  TABLE 20-4
-Refer to Table 20-4.When calculating GDP from the income side,we need to add together the following items from the data provided:

Quizplus · Accepted Answer

When calculating GDP from the income side, we must add up all forms of income received by households, including wages and salaries, interest and investment income, business profits, depreciation and indirect taxes less subsidies. Therefore, the best choice is (E), which include all of these elements. Choices (A), (B), (C) and (D) are either incomplete or include items that are not relevant for calculating GDP from the income side.

The Table Below Includes Data for a One-Year Period Required