MCQS (i) Compensation of employees includes .
(a) wages, salaries, fringe benefits, Social Security contributions, and health and pension plans
(b) wages, salaries and taxes
(c) wages, salaries taxes and zakat
(d) non of the above
(ii) The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as
(a) Net Factor Income from Abroad
(b) Capital Consumption Allowances
(c) Depreciation
(d) None of these
(iii) Suppose that in year 1 an economy produces 75 unit of apple that sell for $5 each and 100 mobile that sell for $6 each. The next year the economy produces 110 apple that sell for $3.75 each and 80 mobile that sell for $5 each. The real GDP is
(a) 812.5
(b) 975
(c) 1030
(d) 980

(iv) What of the following does NOT enter GDP?
(a) Public Service
(b) Public education
(c) Life Expectancy
(d) National Defence

(v) The sum of all kinds of income received by the individuals from all sources is called
(a) Personal Income
(b) Private Income
(c) Personal Disposable Income
(d) None

MCQS

(i) Compensation of employees includes .

(a) wages, salaries, fringe benefits, Social Security contributions, and health and pension plans .

(ii) The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as

(a) Net Factor Income from Abroad .

(iii) Suppose that in year 1 an economy produces 75 unit of apple that sell for $5 each and 100 mobile that sell for $6 each. The next year the economy produces 110 apple that sell for $3.75 each and 80 mobile that sell for $5 each. The real GDP is

(c) 1030 .

(iv) What of the following does NOT enter GDP?

(c) Life Expectancy.

(v) The sum of all kinds of income received by the individuals from all sources is called

(a) Personal Income.

Explanation:

1) Employee Compensation includes the salaries, wages, benefits, and other incentives paid to employees in exchange for their services to the company.

3) The Net factor income from abroad is the difference between the factor income earned from abroad by normal US residents and the factor income earned by non-residents (foreigners) in the US domestic territory.

4) The real GDP is the gross domestic product adjusted for the effect of inflation on prices.  The real GDP for year 2 should be based on the prices of year 1 and is calculated as follows (110 * 5 + 80 * 6 = 1030).

5) Personal income is the sum of all kinds of income received by the individuals from all sources.  It is used in the calculation of the US GDP.  It is a subset of private income.  Private income, which is broader than personal income, consists of personal income, profit tax, and undistributed profit.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

hi i’m a student too and i’ve had this app downalodes for a few weeks people do answer it you just gotta be patient and what is your question + subject i’ll you?