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 only
B) ii only
C) ii and iii only
D) i, ii and iii
E) i and ii only

D

Economics

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The U.S. labor movement started with

A) aerospace workers unions. B) industrial unions. C) craft unions. D) depression unions.

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Most recessions last approximately three years

a. True b. False

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