To Be Included in GDP, an Activity Has to Involve

question 22

True/False

To be included in GDP, an activity has to involve a market transaction.

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Definitions:

Fringe Benefits Programs

Employer-provided supplementary benefits that accompany direct wages or salaries, such as health insurance, retirement plans, and paid vacations.

Organization

A structured group of people working together to achieve a collective goal or purpose.

Performance Appraisal

A structured assessment of how well an employee performs their job and meets productivity goals against predefined standards and the goals of the organization.

Behaviourally Anchored Rating Scale

A performance appraisal method that uses specific examples of behavior to evaluate the performance of an employee against a set of pre-determined benchmarks.