The largest component of GDP in terms of income is
A) interest and miscellaneous investment income.
B) net farm and small business income.
C) corporate and like profits before taxes.
D) wages,salaries,and supplemental income.
E) net trade incomE.

Question

Quizplus · Accepted Answer

Wages, salaries, and supplemental income make up the largest component of GDP in terms of income. This includes the compensation paid to employees for their work, such as salaries, wages, bonuses, and benefits. It also includes supplemental income, such as tips and commissions. This component typically accounts for around 60-70% of GDP.

The Largest Component of GDP in Terms of Income Is