Using the income approach, the largest share of GDP goes to: 1) capital income. O2) indirect...

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Using the income approach, the largest share of GDP goes to: 1) capital income. O2) indirect taxes. 3) indirect income. 4) la

business economics

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Answer 1

Answer #1

using the income approach the largest component in the calculation of gdp is:

4. labour income

labor income or wages accounts for most of the share of GDP when we use the income approach.

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Answer 2

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Using the income approach, the largest share of GDP goes to: 1) capital income. O2) indirect...

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When using the income approach to calculate nominal GDP, you should Multiple Choice subtract indirect business...

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Using the income approach, the largest share of GDP goes to: 1) capital income. O2) indirect...

Homework Answers

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