When Computing National Income,which of the Following Is Included in Compensation

question 39

Multiple Choice

When computing national income,which of the following is included in compensation of employees?

• A) wages and salaries paid to employees
• B) employers' contributions to Social Security and employee benefit plans
• C) the monetary value of fringe benefits,tips,and paid vacations
• D) all of the above

---

Definitions:

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable on another while holding everything else constant.

Quota

A limit on the quantity of imports.

Streaming Movies

The digital distribution of films over the internet, allowing users to watch content on-demand without the need for physical copies or downloads.

OLED TVs

A technology used in televisions where each pixel emits its own light, offering better contrast and color accuracy compared to traditional LED TVs.