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Gdp in terms of total income received by households

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The table and figure above show GDP measured in terms of total income received by households. Use the table and figure to help determine which of the following statements about the division of income is false.

a. The largest component of income received by household is wages.

b. Gross domestic income is measured precisely.

c. Wages are about three times as large as the profits received by sole proprietors and the profits received by corporations.

d.Profits include the profits of sole proprietorships and profits of corporations.

 

Reference no: EM131138690

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