PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Case Interview Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

Using the income method of calculating the GDP of a country, the COE refers to:

consumption of exports
compensation of employees
cycle of economics
cost of exports

Explanation

Answer: B - Using the income method of calculating the GDP of a country, the COE refers to compensation of employees.

Key Takeaway: The income method of calculating the GDP of a country measures all income that are considered in an economic system. Compensation of employees in the form of wages and salaries is a significant component of this calculation in addition to gross operating surplus, gross mixed income, and finally, taxes collected from individuals and corporations minus subsidies.

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Case Interview Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Case Interview Prep

Top questions

Related questions

Most popular on PracticeQuiz