Which of the following is included in the calculation of Gross Domestic Product (GDP) using the income approach? I. Wages and salaries.
II) Net exports.
A) I only
B) II only
C) Both I and II
D) Neither I nor II

Question

Quizplus · Accepted Answer

The income approach to calculating GDP includes the total amount of wages and salaries earned by workers. Net exports, however, are included in the calculation of GDP using the expenditure approach.

Which of the Following Is Included in the Calculation of Gross