Consider Canada's National Accounts

question 4

Multiple Choice

Consider Canada's national accounts.An example of a transfer payment is

• A)government payments of salaries to schoolteachers.
• B)government spending on military equipment.
• C)pensions paid from the Canada Pension Plan.
• D)private firms' payments of dividends.
• E)government payments of salaries to Members of Parliament.

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Definitions:

Commission

A fee paid for services, usually a percentage of the total cost, to a salesperson or agent for facilitating a sale or transaction.

Sales Quota

A specific sales target assigned to a salesperson, team, or organization to achieve within a specified time frame.

Veterinarian

A professional who practices veterinary medicine, caring for the health of animals.

Gross Earnings

The total amount of money earned by an individual or entity before any deductions are made.