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-The Value of Gross Domestic Product (GDP), When Estimated by the Income

Question 219

Multiple Choice

  -The value of Gross Domestic Product (GDP) , when estimated by the income approach, is the sum of A)  consumption expenditures, investment spending, and profits. B)  consumption, wages, rents, interest, and profits. C)  income earned by all factors of production, indirect business taxes, corporate income taxes, and personal income taxes. D)  depreciation, business income adjustments less indirect business taxes, U.S. net income earned abroad and income earned domestically by factors of production.
-The value of Gross Domestic Product (GDP) , when estimated by the income approach, is the sum of


A) consumption expenditures, investment spending, and profits.
B) consumption, wages, rents, interest, and profits.
C) income earned by all factors of production, indirect business taxes, corporate income taxes, and personal income taxes.
D) depreciation, business income adjustments less indirect business taxes, U.S. net income earned abroad and income earned domestically by factors of production.

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