Which of the following would not be included in compensation of employees when calculating GDP using the income approach?
A) The wage the owner of a small business pays themselves.
B) Canada Pension Plan (CPP) premiums paid by an employer.
C) Wages and salaries paid to workers.
D) The cost of a health insurance plan that a corporation buys for its employees.
E) The cost of payroll taxes.
Correct Answer:
Verified
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