Indirect business taxes and capital consumption allowance are not income, yet they are included in the calculation
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Indirect business taxes and capital consumption allowance are not income, yet they are included in the calculation of GDP as income received. Why do we add these two nonincome components to the other components of income (like wages, rent, interest, profits, and net factor income from abroad) to find GDP?
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Indirect business taxes and capital consumption allowance also known as depreciation are included in ...View the full answer
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Muhammad Umair
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