Which of the following expressions equals GDP?

Question

Quizplus · Accepted Answer

GDP can be calculated using the income approach, which sums up total national income, depreciation (also called capital consumption allowance), and net indirect taxes. The correct expression, therefore, includes components like compensation of employees, net interest, rental income, depreciation, corporate profits, proprietors' income, and indirect taxes minus subsidies, which are all sources of income or adjustments to income in the economy.

Which of the Following Expressions Equals GDP