true or false question gdp can be viewed as the sum of labor income and capital income. o true o false need…
true or false question gdp can be viewed as the sum of labor income and capital income. o true o false need help? review these concept resources. read about the concept
Answer
Brief Explanations:
In the income - approach to calculating GDP, GDP is the sum of all factor incomes in an economy. Labor income (wages, salaries) and capital income (profits, rents, interest) are major factor incomes. So GDP can be seen as the sum of labor income and capital income.
Answer:
True