According to the income approach to GDP,the largest percentage of GDP comes from:
A)indirect business taxes.
B)firm profits.
C)compensation to employees.
D)depreciation of fixed capital.
E)none of the above

Question

Quizplus · Accepted Answer

The income approach measures GDP by adding up all the income earned during production, including compensation to employees, firm profits, and depreciation of fixed capital. Among these categories, compensation to employees typically represents the largest percentage of GDP, as it includes all payments made to workers, such as wages, salaries, benefits, and bonuses.

According to the Income Approach to GDP,the Largest Percentage of GDP