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What does congress do? How does a bill become a law?
Which of the following best represents the Income approach for computing GDP? *
a.GDP = R+W+I+P
b.GDP = C+Ig+G=X-M
c.GDP = L+L+C+E
d.GDP = CE
e.None of these.
The income approach for computing GDP is GDP = R+W+I+P
Gross domestic product (GDP) is the sum of final goods and services produced in a country in a given year
There are three methods of calculating GDP:
Income approach = Wages of labour + Rental income from ownership of capital + Interest + Profits. Expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net exportProduction approach = final cost of goods and services - intermediate costTo learn more about GDP, please check: https://brainly.com/question/15899184?referrer=searchResults