Question

which of the following is counted under the income approach in measuring gdp ? a. personal consumption expenditures by. government transfer payments c. compensation of employees d. all of the above

Answer 1

All of the above is counted under the income approach in measuring GDP.

The income approach uses the income earned by the issue of production a year. In this approach, GDP includes wages, income, and lease. Wages are earned by using labor, rent is earned via capital, and the entrepreneur earns a income.

When the usage of the expenses technique to calculate GDP the components are consumption, funding, government spending, exports, and imports.

Learn more about GDP here: https://brainly.com/question/8151973

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