When Measuring GDP by the Income Approach,wage Income Includes

question 21

Multiple Choice

When measuring GDP by the income approach,wage income includes
I.health-care insurance paid for by the firm for its employees.
Ii.Social Security contributions made by the firm.
Iii.wages paid during a worker's vacation time.

• A)i,ii and iii
• B)i and ii only
• C)i only
• D)ii only
• E)ii and iii only

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Definitions:

Multiple Intelligences

The idea that people have many different types of intelligence that are independent of one another.

Linguistic Intelligence

One of the multiple intelligences proposed by Howard Gardner, involving sensitivity to spoken and written language and the ability to learn languages.

Mathematical/Logical Intelligence

Refers to one of Howard Gardner's multiple intelligences, characterized by the ability to analyze problems logically, carry out mathematical operations, and investigate issues scientifically.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.