Unemployment Compensation Is

question 168

Multiple Choice

Unemployment compensation is

• A)part of GDP because it represents income.
• B)part of GDP because the recipients must have worked in the past to qualify.
• C)not part of GDP because it is a transfer payment.
• D)not part of GDP because the payments reduce business profits.

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Definitions:

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Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning in mathematics.

Absolute Zero

The lowest possible temperature where nothing could be colder and no heat energy remains in a substance, equivalent to -273.15°C or zero kelvin.

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