The Accumulated Loss of Output That Results from a Slowdown

question 66

Multiple Choice

The accumulated loss of output that results from a slowdown in the growth rate of GDP per person is called the

• A) Lucas wedge.
• B) unemployment wedge.
• C) Okun gap.
• D) Keynesian gap.

Identify the types of taxes and contributions both employers and employees are responsible for in the payroll process.

Calculate workers' compensation insurance premiums based on payroll estimates.

Distinguish between the taxes and insurances covered by employers and those covered by employees.

Recognize the role and regulations of federal and state unemployment taxes in employer payroll responsibilities.