Economics · National Income Accounting
The Income Method for calculating Gross Domestic Product (GDP) involves summing up the rewards paid to the factors of production. Which of the following components is excluded when calculating Domestic Income (NDP at Factor Cost) using this method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Net Indirect Taxes (NIT)✓
- 2Mixed Income of the Self-Employed
- 3Operating Surplus (Rent, Interest, and Profit)
- 4Compensation of Employees (Wages and Salaries)
Correct answer
Net Indirect Taxes (NIT)
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