GDP Calculated Via Factor Payments Includes

question 9

Multiple Choice

GDP calculated via factor payments includes:

• A)wages, interest payments, rent, and profits.
• B)taxes, wages, interest payments, and rents.
• C)rents, profits, value-added adjustments, and taxes.
• D)consumption, investment, and government.

Understand the concept and significance of employee wellness and assistance programs.

Understand retirement planning and pension options available in Canada.

Recognize the role of employers and governments in contributory pension plans.

Analyze the influence of household income on retirement age in Canada.

---

Definitions:

Profitability

The ability of a business to earn a profit, or the degree to which its revenues exceed its expenses.

HRM Activities

Tasks and functions associated with Human Resource Management, focusing on managing people within organizations in areas such as recruitment, training, and compliance with labor laws.

Market Value

The estimated worth of a product, service, or company within the marketplace, determined by factors like supply, demand, and competition.

HR Practices

Strategies, methods, and processes implemented by the Human Resources department to manage and develop the workforce efficiently.