The calculation of GDP using the income approach EXCLUDES
A)rent.
B)interest.
C)environment quality.
D)wages.
E)profit.

Question

Quizplus · Accepted Answer

The income approach to calculating GDP includes wages, rent, interest, and profit earned within a country during a specific time period. However, it does not include non-market transactions or non-income sources like environmental quality. Therefore, the correct answer is C.

The Calculation of GDP Using the Income Approach EXCLUDES