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36. Which of the following factors does not affect the labor cost a. Compensatio

ID: 325886 • Letter: 3

Question

36. Which of the following factors does not affect the labor cost a. Compensation rate b. Exchange rate c. Productivity d. Income tax 37. Which county is going to have the largest population in 2050 a. USA b. India c. China d. Mexico 38. After tax personal income is called a. Discretionary income b. Disposable income c. Usable income d. Investment income 39. Which three countries will become the world's three largest economy in 2050 a. US, China and Japan b. US, China and India c. China, India and Japan d. US, India and Japan 40. Country A has a total value of all income of 10 billion dollars domestically and 5 billion dollars from abroad Country A has the GDP of 10 billion Country A has the GDP of 15 billion Country has the GDP of 5 billion a. b. c.

Explanation / Answer

Ans:

36) Option D

Income tax

The amount of income tax does not effect the labor cost.Income tax is levied on the income generated.

37) Option B

India

By 2050, india will replace china as the world's most populous country.

38) Option B

Disposable income

It is the amount of money available for spending and saving after the income tax.

39) Option B

US, China and India

In 2050, US, China and India will become worlds three largest economies.  

40) Option A

country A has the GDP of 10 billion.

GDP is the market value of final goods and services produced in the country over a specific time period.Hence country A has the GDP of 10 billion.

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