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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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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