Which of the following is NOT a component of GSDP as calculated by the income approach?

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ACompensation of employees

BOperating surplus

CMixed income of the self-employed

DGovernment transfers

Answer:

The income approach sums up the incomes earned from production factors (wages, profits, rent).
Government transfer payments are a redistribution of income, not an income generated from current production, so they are not included.

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