Which of the Following Is NOT Included in the Income

question 310

Multiple Choice

Which of the following is NOT included in the income approach to measuring GDP?

• A) corporate profits
• B) compensation of employees
• C) net interest
• D) net exports

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Definitions:

Minimum Wage

The lowest legal wage that can be paid to most workers.

Unemployed Workers

Unemployed workers are individuals who are actively looking for employment but are not currently employed.

Government Imposes

Actions taken by a government to enforce regulations, taxes, or penalties on its citizens or businesses within its jurisdiction.

Structurally Unemployed

Individuals who are unemployed due to changes in the industry they worked in or mismatches between their skills and what employers need.