Graph and explain in a paragraph: 1. Income approach to GDP major components (pie chart)

Graph and explain in a paragraph:

1. Income approach to GDP major components (pie chart)

Expert Solution

Answer. When we are calculating GDP using income approach, it's major components are;

Compensation of employees - represented by red part in pie chart.

Mixed income of self employed - blue part

Operating surplus (rent, profit, interest)- aqua part

Depreciation - purple part

Net indirect taxes - green part

Rahul Sunny answered 2 years ago

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