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7 November, 14:35

Which forms of income are included in the income-based method of calculating GDP?

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  1. 7 November, 15:49
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    The income approach when calculating GDP

    It basically shows that all expenditure should equal the income of production of goods and services
  2. 7 November, 18:03
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    You forgot to put the answer choices.

    Under the income-based method of calculating GDP, the (operating surplus, employee compensation, mixed income) category refers to the net income earned by businesses. (Profits earned by partnership firms, Income earned by corporations, Salaries earned by employees) falls under the mixed income group when calculating GDP using the income-based approach.
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