4 The major components of GNP as calculated by the resource cost-income approach are (a) wages and...
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4 The major components of GNP as calculated by the resource cost-income approach are
(a) wages and salaries,
(b) self-employment income,
(c) rents,
(d) interest,
(e) cor- porate profits, and
(f) nonincome expenses, primarily depreciation and indirect busi- ness taxes.
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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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