With Respect to GDP, How Is Unemployment Compensation Treated

question 18

Multiple Choice

With respect to GDP, how is unemployment compensation treated?

• A) It is included as part of GDP because it represents income.
• B) It is not included as part of GDP because it is a transfer payment.
• C) It is included as part of GDP because the recipients must have worked in the past to qualify.
• D) It is not included as part of GDP because the payments reduce business profits.

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Definitions:

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The fusion of qualities and characteristics that establish an individual's singular nature.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Aesthetic Needs

The human desire for beauty, order, and form, often related to the arts and nature.

Cognitive Needs

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