Multiple Choice
Which of the following would not be included in compensation of employees when calculating GDP using the income approach?
A) The wage the owner of a small business pays themselves.
B) Canada Pension Plan (CPP) premiums paid by an employer.
C) Wages and salaries paid to workers.
D) The cost of a health insurance plan that a corporation buys for its employees.
E) The cost of payroll taxes.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: The Canadian work week has declined from
Q24: If a Canadian engineer works on contract
Q26: Why do we not count the value
Q29: The values of real GDP and real
Q30: Rona sells new and used doors to
Q32: Government spending _ is included in gross
Q33: Suppose that nominal GDP in 2017 was
Q38: Why do we subtract import spending from
Q96: Developing countries with large informal sectors tend
Q182: Residential investment includes spending by firms on