The Salary of a French Manager Working in the United

question 111

Multiple Choice

The salary of a French manager working in the United States is

• A)included in labor income.
• B)payment for services produced and is not included in GDP.
• C)not part of U.S.labor income.
• D)included in France's GDP.
• E)part of net exports.

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Definitions:

Capitalist Economy

An economic system where private individuals rather than the state own and control property and businesses.

Centrally Planned Economy

An economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services, often found in socialist or communist countries.

Government Sets Prices

A situation where the government determines the selling prices of goods and services, often to stabilize the economy or ensure affordability.

Market Economy

An economic system in which production and prices are determined by unrestricted competition between privately owned businesses.