When calculating the compensation of employees part of GDP,

Question

Quizplus · Accepted Answer

Social security contributions are considered part of employee compensation and should be included in the calculation of GDP. Fringe benefits are also part of employee compensation and should be included. Taxes withheld on earnings are not considered part of employee compensation and should not be included. The value of vacation time may or may not be included, depending on the accounting method used for calculating employee compensation.

When Calculating the Compensation of Employees Part of GDP