12. Indirect business taxes and capital consumption allowance are not income, yet they are included in the

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12. Indirect business taxes and capital consumption allowance are not income, yet they are included in the calculation of GDP as income received. Why do we add these two nonincome components to the other components of income (like wages, rent, interest, profits, and net factor income from abroad) to find GDP?

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Macroeconomics

ISBN: 9781250781284

8th Edition

Authors: William Boyes, Michael Melvin

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