When measuring GDP by the income approach, wage income includes ...

[Anajune7]

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

[macybarnes]

Answer to Question 1

A

Answer to Question 2

A

[Anajune7]

YES! Correct, THANKS for helping me on my review

[hramirez205]

Thanks for the timely response, appreciate it