The income approach to measuring GDP includes:
a. compensation for employees, net interest, rent, net profits, and indirect business taxes and depreciation.
b. compensation for employees, net interest, rent, corporate profit, and transfer payments.
c. compensation for employees, net interest, rent, and indirect business taxes.
d. compensation for employees, net interest, rent, corporate profits, and capital depreciation.
e. compensation for employees, rent, corporate profits, proprietors' income, and transfer payments.
a
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The measurement of industry concentration which calculates the percentage of all sales contributed by a specific number of leading firms is called the
A) Herfindahl-Hirschman Index. B) concentration ratio. C) producer price index. D) P/E ratio.
Market systems can be evaluated as efficient or inefficient, but not as fair or unfair.
Answer the following statement true (T) or false (F)