The income approach is one of the methods used to measure the national income of the country. Explain four types of incomes included in...

      

The income approach is one of the methods used to measure the national income of the country.
Explain four types of incomes included in this approach.

  

Answers


Kavungya
? Income from formal and informal employment e.g salaries and allowances.
-Profit made- This includes profit from both the public and private sector enterprises
-Rent- This is income earned from use of land.
- Interest on money borrowed and used.
GDI = wages + profits + interest + rent.

Kavungya answered the question on September 26, 2019 at 08:56


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