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Author Question: When measuring GDP by the income approach, wage income includes i. health-care insurance paid for by ... (Read 111 times)

Anajune7

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on: Jun 29, 2018
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

Question 2

As Rainclouds Inc moves downward along its production possibilities frontier, illustrated in the figure above, the opportunity cost of a raincoat ________.
 
  A) decreases
  B) depends on the initial quantity produced
  C) increases
  D) remains the same


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macybarnes

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Anajune7

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
Gracias!

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