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Author Question: Compensation of employees: a. excludes the monetary value of fringe benefits. b. excludes paid ... (Read 65 times)

Diane

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Compensation of employees:
 a. excludes the monetary value of fringe benefits.
  b. excludes paid vacations.
  c. is the largest component of GDP.
  d. excludes employer's taxes paid for employees' Social Security.
  e. includes rental income.

Question 2

The aggregate demand curve shows how real GDP purchased varies with changes in:
 a. unemployment.
  b. output.
  c. the price level.
  d. the interest rate.



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ms_sulzle

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Answer to Question 1

c

Answer to Question 2

c





 

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