Assume That Average Labor Productivity Is the Same in Each

question 16

Multiple Choice

Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the highest real GDP per capita?

• A) Country A
• B) Country B
• C) Country C
• D) Country D

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Definitions:

Form W-2

Form W-2 is a tax form used in the United States to report wages paid to employees and the taxes withheld from them.

FUTA

The Federal Unemployment Tax Act, which imposes a payroll tax on businesses to fund state workforce agencies.

Federal Unemployment Tax

A tax imposed on employers to fund state workforce agencies. Employers pay this tax to finance unemployment compensation benefits for out-of-work employees.

Income Tax Payable

The amount of income tax that a company or individual owes to the government but has not yet paid.