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Which of the following is included in the category of corporate profits whe

Which of the following is included in the category of corporate profits when measuring GDP 



1) Which of the following is included in ʺcompensation of employeesʺ part of the income approach
to measuring GDP?
I. Wages and salaries.
II. Pension fund contributions.
III. Social security contributions.
A) I only
B) I and II
C) I and III
D) I, II and III
2) When calculating the compensation of employees part of GDP,
A) social security contributions must be included.
B) fringe benefits are not included.
C) taxes withheld on earnings are not included.
D) the value of vacation time must be included.
3) In the national income accounts, net interest is the total interest payments received by
households on loans made by them minus
A) interest received from householdsʹ ownership of government bonds.
B) interest payments made by households on their own borrowing.
C) interest payments made by households to foreign lenders.
D) taxes paid by households on their interest income.
4) Rental income includes
A) the payment for the use of land.
B) the payment for the use of all rented inputs.
C) no income from rental housing because most houses are occupied by their owners.
D) Both answers A and B are correct.

5) Which of the following is included in the category of corporate profits when measuring GDP ?
I. Profits paid as dividends.
II. Undistributed profits.
III. Income received by owners and operators of businesses.
A) I only
B) I and II
C) I and III
D) I, II and III




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26 May 2016

Answers (1)

  1. Genius

    Which of the following is included in the category of corporate profits when measuring GDP

    Which of the following is included in the category of corporate profits when measuring GDP ****** ******
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