ANSWER : TRUE
EXPLANATION :
GDP denotes the total (gross)value of goods & services produced by an economy, during a period of time (financial year) .
This total value of goods can be calculated by both Income & Spending approach , based on assumption that 'one person expenditure is other person income'. Because both reflect the total value of goods produced .
This is evident from two methods to calculate GDP :
1. Expenditure Method
NDP (net value) = Compensation of Employees + Opereating Surplus + Mixed Income ;
Where - 1st COE is income of labour , 2nd OS (Rent + Interest + Profit) income of other factors - land , 3rd MI income from self employed .
2. GDP = Private Final Consumption Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports ;
Where - 1st PFCE is expenditure by private households , 2nd GFCE expenditure by govt , 3rd GDCF investment expenditure by firms , 4th expenditure by Abroad .
Answer:
A contract between the insurance policyholder and insurer according to which the insurer promises to give a certain amount of money when the policyholder dies, is known as life insurance. These policies are legal contracts. There are two major categories of life insurance policies, Protection policies, and Investment policies. Some of the Heath insurance policies are AIG Direct, Health IQ, Bestow and Ladder.
Financial tension may arise from large scale migration of low skilled labor into developed countries due to:
- Decreasing wages as supply of labor increases
- Net fiscal costs related to social welfare increase
<h3>What is migration?</h3>
This is the movement of people from one country to another. Here, migration take place due to low wage rate being paid to workers, which is not sufficient to meet their daily needs.
There are several reasons for migration. However, the commonest are:
- People can enjoy better infrastructural facilities like good roads, stable power supply.
- The standard of living of the people can be enhanced.
- There will be access to education and job opportunities for the migrants.
When there is frequent migration, such situation can create financial tension or instability to the developing countries. This is because of large scale of low skilled labor that would leave the country and then move to developed countries.
Learn more about migration here: brainly.com/question/18259786
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The income tax for 20,000 is 2,000 right?
So to how much percent is 2000 of 20000 you have to divide the number and multiply by 100.
So 2000/20000 is 0.1 right?
Multiply 0.1 worth 100 to get 10% tax.
We can check with the 3000 and 30000 also
With this type of insurance, if you are involved in an accident both parties will be covered by their own insurance policies: b) No-fault
