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Which of the Following Is Included in "Compensation of Employees

question 195

Multiple Choice

Which of the following is included in "compensation of employees" part of the income approach to measuring GDP?
I. Wages and salaries.
II. Pension fund contributions.
III. Social Security contributions.


Definitions:

Efficacy

The ability to produce a desired or intended result.

Selection Bias

A distortion in statistical or experimental results due to a non-random selection of data or participants, leading to inaccurate conclusions.

Random Sample

A subset of individuals chosen from a larger set where each individual has an equal chance of being selected.

After-School Program

Educational and recreational activities organized for children after the regular school day has ended, often aimed at furthering learning and social development.

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