When Calculating GDP from the Income Side,which of the Following

question 35

Multiple Choice

When calculating GDP from the income side,which of the following is included in non-factor payments?

• A)wages and salaries
• B)GST
• C)income tax
• D)bond interest
• E)business profits

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Definitions:

Balanced Scorecards

A strategic planning and management system used to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.

Share Options

Financial instruments that give the holder the right, but not the obligation, to buy or sell shares of a company at a specific price within a certain timeframe.

Scientific Management

A theory of management that analyzes workflows to improve economic efficiency and labor productivity.

Hourly Wages

Compensation paid to employees based on the number of hours worked, typically expressed as an amount of money per hour.