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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_ForeignSecuritiesMember_lbl" xml:lang="en-US">Foreign Securities [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_SmallerCompaniesMember_lbl" xml:lang="en-US">Smaller Companies [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_NonInvestmentGradeSecuritiesMember_lbl" xml:lang="en-US">Non Investment Grade Securities [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_SpecialRisksOfDerivativeTransactionsMember" xlink:to="gab_SpecialRisksOfDerivativeTransactionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_SpecialRisksOfDerivativeTransactionsMember_lbl" xml:lang="en-US">Special Risks Of Derivative Transactions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_FuturesTransactionsMember" xlink:label="gab_FuturesTransactionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_FuturesTransactionsMember" xlink:to="gab_FuturesTransactionsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_FuturesTransactionsMember_lbl" xml:lang="en-US">Futures Transactions [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_DoddFrankActRiskMember" xlink:label="gab_DoddFrankActRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_DoddFrankActRiskMember" xlink:to="gab_DoddFrankActRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_DoddFrankActRiskMember_lbl" xml:lang="en-US">Dodd Frank Act Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_SwapAgreementsMember" xlink:label="gab_SwapAgreementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_SwapAgreementsMember" xlink:to="gab_SwapAgreementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_SwapAgreementsMember_lbl" xml:lang="en-US">Swap Agreements [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_ForwardCurrencyExchangeContractsMember" xlink:label="gab_ForwardCurrencyExchangeContractsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_ForwardCurrencyExchangeContractsMember" xlink:to="gab_ForwardCurrencyExchangeContractsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_ForwardCurrencyExchangeContractsMember_lbl" xml:lang="en-US">Forward Currency Exchange Contracts [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_CounterpartyRiskMember" xlink:label="gab_CounterpartyRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_CounterpartyRiskMember" xlink:to="gab_CounterpartyRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_CounterpartyRiskMember_lbl" xml:lang="en-US">Counterparty Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_LoansOfPortfolioSecuritiesMember" xlink:label="gab_LoansOfPortfolioSecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_LoansOfPortfolioSecuritiesMember" xlink:to="gab_LoansOfPortfolioSecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_LoansOfPortfolioSecuritiesMember_lbl" xml:lang="en-US">Loans Of Portfolio Securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_ManagementRiskMember" xlink:label="gab_ManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_ManagementRiskMember" xlink:to="gab_ManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_DependenceonKeyPersonnelMember" xlink:label="gab_DependenceonKeyPersonnelMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_DependenceonKeyPersonnelMember" xlink:to="gab_DependenceonKeyPersonnelMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_DependenceonKeyPersonnelMember_lbl" xml:lang="en-US">Dependenceon Key Personnel [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_CoronavirusCOVID19AndGlobalHealthEventRiskMember" xlink:label="gab_CoronavirusCOVID19AndGlobalHealthEventRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_CoronavirusCOVID19AndGlobalHealthEventRiskMember" xlink:to="gab_CoronavirusCOVID19AndGlobalHealthEventRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_CoronavirusCOVID19AndGlobalHealthEventRiskMember_lbl" xml:lang="en-US">Coronavirus C O V I D 19 And Global Health Event Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_LegislationRiskMember" xlink:label="gab_LegislationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_LegislationRiskMember" xlink:to="gab_LegislationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_LegislationRiskMember_lbl" xml:lang="en-US">Legislation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_RelianceonServiceProvidersRiskMember" xlink:label="gab_RelianceonServiceProvidersRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_RelianceonServiceProvidersRiskMember" xlink:to="gab_RelianceonServiceProvidersRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_RelianceonServiceProvidersRiskMember_lbl" xml:lang="en-US">Relianceon Service Providers Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_CyberSecurityRiskMember" xlink:label="gab_CyberSecurityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_CyberSecurityRiskMember" xlink:to="gab_CyberSecurityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_CyberSecurityRiskMember_lbl" xml:lang="en-US">Cyber Security Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_MisconductOfEmployeesAndOfServiceProvidersRiskMember" xlink:label="gab_MisconductOfEmployeesAndOfServiceProvidersRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_MisconductOfEmployeesAndOfServiceProvidersRiskMember" xlink:to="gab_MisconductOfEmployeesAndOfServiceProvidersRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_MisconductOfEmployeesAndOfServiceProvidersRiskMember_lbl" xml:lang="en-US">Misconduct Of Employees And Of Service Providers Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_AntiTakeoverProvisionsOfTheFundsCharterAndBylawsMember" xlink:label="gab_AntiTakeoverProvisionsOfTheFundsCharterAndBylawsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_AntiTakeoverProvisionsOfTheFundsCharterAndBylawsMember" xlink:to="gab_AntiTakeoverProvisionsOfTheFundsCharterAndBylawsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_AntiTakeoverProvisionsOfTheFundsCharterAndBylawsMember_lbl" xml:lang="en-US">Anti Takeover Provisions Of The Funds Charter And Bylaws [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_StatusasARegulatedInvestmentCompanyMember" xlink:label="gab_StatusasARegulatedInvestmentCompanyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_StatusasARegulatedInvestmentCompanyMember" xlink:to="gab_StatusasARegulatedInvestmentCompanyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_StatusasARegulatedInvestmentCompanyMember_lbl" xml:lang="en-US">Statusas A Regulated Investment Company [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_TemporaryInvestmentsMember" xlink:label="gab_TemporaryInvestmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_TemporaryInvestmentsMember" xlink:to="gab_TemporaryInvestmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_TemporaryInvestmentsMember_lbl" xml:lang="en-US">Temporary Investments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_SeniorSecuritiesLeverageMember" xlink:label="gab_SeniorSecuritiesLeverageMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_SeniorSecuritiesLeverageMember" xlink:to="gab_SeniorSecuritiesLeverageMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_SeniorSecuritiesLeverageMember_lbl" xml:lang="en-US">Senior Securities Leverage [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="gab-20231231.xsd#gab_SeriesDCumulativePreferredStockMember" xlink:label="gab_SeriesDCumulativePreferredStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gab_SeriesDCumulativePreferredStockMember" xlink:to="gab_SeriesDCumulativePreferredStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gab_SeriesDCumulativePreferredStockMember_lbl" xml:lang="en-US">Series D Cumulative Preferred Stock [Member]</link:label>
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