Which of the following correctly describes gdp using the income approach?
a) gdp = consumption + gross investment + net exports + government purchases
b) gdp = wages + rents + interest + profits and losses + national income
c) gdp = wages + rents + interest + profits and losses
d) gdp = national income + indirect business taxes + depreciation + net foreign factor income

The correct answer is D) GDP = National Income + Indirect Business Taxes + Depreciation + Net Foreign Factor Income.

Explanation:

The GDP by the income approach is the sum of the Compensation of Employees or payment to workers; Gross Operating Surplus or remuneration to capital (to capital owners); Mixed Income or compensation that does not differentiate the payment to the worker and the capital (for example, self-employed workers); and, taxes less subsidies on production and imports or Net Taxes on products that correspond to the Government.

i would say their habit of breaking down.

answer; rapid growth in buyer demand and high buyer switching cost;